Propane (Access) Weekly Commodity Futures Price Chart : NYMEX

Propane (Access)
Futures Charts


Contract month:


Chart term:
Intraday
Daily
Weekly (Continuous)
Monthly (Continuous)
Historical

Chart format:
Bar chart
Candlestick
Bar (no indicators)
Java
Advanced chart
Dynamic intraday chart

Market insight:
News
Specifications
Analysis
Sentiment survey

Weekly Commodity Futures Price Chart

Propane (Access) (NYMEX)

TFC Commodity Charts


Chart Legend« To set chart options, use the handy form found to the left. «

Market data delayed 10 minutes as per exchange requirements.





Most Recent Headlines    [ Complete Futures News ]    Search News:
[ More Propane News ]

Contract Specifications:PN,NYMEX
Trading Unit: 42,000 U.S. gallons (1,000 barrels)
Tick Size: $0.0001 (0.01 ) per gallon ($4.20 per contract)
Quoted Units: US $ per gallon
Initial Margin: $4,388   Maint Margin: $3,250
Contract Months: 15 consecutive months commencing with the next calendar month.
Last Trading Day: Close of business on the last business day of the month preceding the delivery month.
Trading Hours: 9:20 A.M. - 1:10 P.M., for the open outcry session.
After-hours trading is conducted via electronic trading system from 5 P.M. to 7 P.M.,
Monday through Thursday. All times are New York time.
Daily Limit: $0.25 per gallon ($10,500 per contract)

Analysis

Fri 7/25/14

Mov Avg-Exponential Indicator:

Conventional Interpretation: Price is above the moving average so the trend is up.

Additional Analysis: Market trend is UP.

Mov Avg 3 lines Indicator:

Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average

Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average.

Conventional Interpretation - Long Term: The market is bullish because the fast moving average is above the slow moving average.

Additional Analysis - Long Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average.

Bollinger Bands Indicator:

Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band.

Additional Analysis: The market appears overbought, but may continue to become more overbought before reversing. Given that we closed at a 45 bar new high, the chance for further bullish momentum is greatly increased. Look for some price weakness before taking any bearish positions based on this indicator.

Volatility Indicator: The volatility trend, based on a 9 bar moving average, has just switched to up.

Momentum Indicator:

Conventional Interpretation: Momentum (86.88) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Momentum is indicating an overbought market. However the market may continue to become more overbought. Given the 45 bar new high here this is even likely. Look for some evidenced weakness before getting too bearish here.

Rate of change Indicator:

Conventional Interpretation: Rate of Change (11431.60) is above zero, indicating an overbought market.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is indicating an overbought market. However the market may continue to become more overbought. Given the 45 bar new high here this is even likely. Look for some evidenced weakness before closing long positions here.

Comm Channel Index Indicator:

Conventional Interpretation: CCI (666.67) recently crossed above the buy line into bullish territory, and is currently long. This long position should be liquidated when the CCI crosses back into the neutral center region.

Additional Analysis: CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (666.67) is currently long. The current long position position will be reversed when the CCI crosses below zero. Adding bullish pressure the market just reached a 45 bar new high.

RSI Indicator:

Conventional Interpretation: RSI has issued a bearish signal (RSI is at 99.81). When RSI crosses above the overbought line (currently set at 80.00) a sell signal is issued.

Additional Analysis: RSI is in overbought territory (RSI is at 99.81). However, the market may continue to become more overbought before a top is established, particularly given the 45 bar new high here. Look for a downturn in RSI before taking any bearish positions based on this indicator.

MACD Indicator:

Conventional Interpretation: MACD is in bullish territory, but has not issued a signal here. MACD generates a signal when the FastMA crosses above or below the SlowMA.

Additional Analysis: The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. MACD is in bullish territory. And, the market just put in a 45 bar new high here. Look for more new highs.

Open Interest Indicator: Open Interest is in a downtrend based on a 9 bar moving average. While this is normal following delivery of nearer term contracts, be cautious. Decreasing open interest indicates lower liquidity.

Volume Indicator:

Conventional Interpretation: The current new high is not accompanied by increasing volume, suggesting that the current move lacks broad participation. Look for a retracement soon.

Additional Analysis: The long term market trend, based on a 45 bar moving average, is UP. The short term market trend, based on a 5 bar moving average, is UP.The current new high is not accompanied by increasing volume, suggesting that the current move lacks broad participation and the market may be overbought. A retracement is possible here.

Stochastic - Fast Indicator:

Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal.

Additional Analysis: The long term trend is UP. The short term trend looks a little toppy. A possible short term down move may occur. A good upward move is possible without SlowK being overbought. However, a down move in SlowK for this bar is a little concerning short term.

Stochastic - Slow Indicator:

Conventional Interpretation: The SlowK line crossed below the SlowD line; this indicates a sell signal.

Additional Analysis: The long term trend is UP. The short term trend looks a little toppy. A possible short term down move may occur. A good upward move is possible without SlowK being overbought. However, a down move in SlowK for this bar is a little concerning short term.

Swing Index Indicator:

Conventional Interpretation: The swing index is most often used to identify bars where the market is likely to change direction. A signal is generated when the swing index crosses zero. No signal has been generated here.

Additional Analysis: No additional interpretation.

Important: This commentary is designed solely as a training tool for the understanding of technical analysis of the financial markets. It is not designed to provide any investment or other professional advice.

Sponsor
Lt Crude 99.51
Nat Gas 3.786
Corn 369 4/8
Cotton #2 63.28
Gold 1287.2
Copper 3.2470
Euro 1.33850
USD Index 81.595
SP500 E-mini 1952.75
DJIA E-mini 16711
newsletter
close_icon
open_icon