Energy Futures Update

February WTI Crude expiry today may add some volatility to the contract. After a few days testing the 50.00 level, Oil bounced sharply from a new low in Friday on news winter has finally settled in in the US and more recently in Europe.

Is it too little too late and this bounce only corrective? If March Crude can break the 54.00/50 area in the next few days we will look at this move up more seriously.

Until then any rally could be treated as suspect.

Natural Gas opened with a gap at $7.18 and it should have found a seasonal low point at 6.19 (double bottom). $7.50 is Target for the next days.