Technicals: Week 21

Tuesday, May 19, 2026. CRUDE OIL TECHNICALS: WTI $102.35-$102.66, bullish momentum intact. RSI 51.27 (neutral, neither overbought nor oversold, room to run). MACD -0.08 (sell signal, mild bearish momentum but broader trend up). STOCHRSI 69 (Buy), Williams %R -35.78 (Buy), Ultimate Oscillator 59.29 (Buy). Overall: Strong Buy. Moving Averages: Most short-term (5/10/20-day) in Buy territory, 50-day mixed. Support: $97-$98 (former resistance, now support on dips), $95, $93.60 (short-term bearish threshold). Resistance: $104 (strong, recently tested), $104-$105 zone, $108-$110. Daily high projection $109.09. Pattern: Bullish momentum targeting $104+, profit-taking possible at resistance. Watch $100-$104 range. NATURAL GAS TECHNICALS: Henry Hub $3.02-$3.03, near seven-week high. Resistance: $3.024 (20-day Bollinger Band top), April highs near $3.25. Support: $2.888 (prior reactionary high, recent consolidation shelf), $2.680 (top of downward channel), $2.561 (April 14 low), $2.535 (20-day Bollinger Band bottom). Key pivot: $2.85-$2.88 shelf (recently reclaimed with volume on 4H/1H). Price broken above early-May consolidation but facing cooling demand forecasts. Failure to hold above $2.85-$2.90 could shift momentum bearish toward $2.60 zone. 2026 average forecasts: $3.50-$3.80-$5.00 range, strong support near $3.00 channel lower bound. Hotter U.S. weather boosting demand, offset by declining production and LNG maintenance. Crude bullish, gas consolidating near resistance, both watching geopolitical developments.

What is Energy Markets Daily?

Energy Markets Daily delivers essential intelligence for global energy capital. Hosted with institutional authority, this daily brief covers WTI/Brent crude analysis, natural gas markets, energy M&A activity, drilling intelligence, and the geopolitical developments that drive billion-dollar energy decisions.

Providing superior energy market intelligence sourced from the same trading floors, boardrooms, and energy desks where your competition operates. Essential listening for oil & gas executives, energy investors, and institutional capital allocating $100M+ in the energy sector.

Contact: [e-mail]

Disclaimer: This podcast is powered by Daily Dominance and utilizes artificial intelligence technology for content creation and production. The views and opinions expressed in this show are those of the hosts and guests and do not necessarily reflect the official policy or position of Daily Dominance. All content is generated with the intent to provide informative and engaging material; however, the accuracy and reliability of the information presented may vary. Listeners are encouraged to conduct their own research and consult with professionals before making any decisions based on the content of this podcast. By listening to this podcast, you acknowledge and agree to these terms.