Energy Markets Daily

EMD098 - Technicals: Levels That Matter


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Welcome to Energy Markets Daily. Tuesday, January 13, 2026 — Technicals. **CRUDE OIL TECHNICALS:** WTI trading near $58.80. Key support at $55.40, strong floor at $58.50. Resistance at 50-day EMA and downtrend line. Break above targets $60, then $62. RSI holding 35-45 range—no panic, room for recovery. MACD negative but histogram flattening—bearish momentum fading. Brent mirrors WTI. Support $58.50. Breakout targets $64-65. Position: Short bias holds. $55 WTI target intact. Rebound is technical, not fundamental. **NATURAL GAS TECHNICALS:** Henry Hub $3.33, up 5.12% on colder forecasts. Recovering from $3.11 low. Key pivot at $3.51. Bullish above $3.60—targets $3.70, then $3.81. Bearish below $3.51—downside $3.33, $3.21. Watch $3.50 inflection zone. Standard Chartered Q1 target $4.20, Q4 $4.50. EIA $4.00 2026 average. Position: Long gas. Weather volatility is noise. LNG structure and data center demand intact. **BOTTOM LINE:** Crude technicals show bearish momentum fading but fundamentals unchanged—surplus looms. Gas bouncing on cold forecasts—structure bullish. Trade the levels. **FINAL WORD:** Energy project needs capital? [email protected]. Subject: Energy Capital. This is Energy Markets Daily. Wednesday: Market Update.

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Energy Markets DailyBy EMD