Commentary, Energy, Featured|September 26, 2012 8:10 am

Wienki on Energy [Charts]

Nov WTI has 89.50/75 area as next support area

Brent trading between two major technical points of 111.97 and 107.08; 108.86 is first support area (s/t .618); 108.08 (s/t .786)

Nov RBOB is slightly higher again today, but remains negative below the closing pivot pt and .618 retrace area

XLE seems to be nearing an inflection pt (trend line 73.33; August high 73.03

XLE versus SPY again settling on the closing pivot pt

Nov Nat Gas is positive with settles back above its 50 day moving avg (Oct expires today)

UNG seems poised to gain upside momentum above the short term trend line

APA has been a favorite short idea after unable to settle above its 200 day avg mid month; nearing a key trend line

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Wienki on Energy [Charts]

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