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- Daily Energy Market Update August 12, 2026
Energy markets are holding onto their recent gains this morning, with crude finding support from continued concerns over Middle East supply disruptions. Price action has remained relatively contained following the recent rally, but ongoing geopolitical uncertainty is helping keep support underneath the market.
The outlook for the Strait of Hormuz remains a key focus for traders. Uncertainty surrounding negotiations and continued disruptions to regional shipping are keeping attention on the potential impact to global oil supplies. Any meaningful improvement in the situation could ease some of the current support in crude, while continued disruptions would likely keep the market supported.
Refined products also remain an area of concern, with ongoing supply disruptions and tighter market conditions keeping diesel and other products in focus. The broader supply outlook remains uncertain as geopolitical developments continue to affect production, refining and transportation.
For now, crude is holding onto its recent gains as traders weigh the ongoing supply concerns against the possibility of easing geopolitical tensions. U.S. inventory data and further developments surrounding the region will provide additional catalysts for the market today.
Crude (CL1)
Crude is trading near unchanged at 83.35 (7:00 AM) after a quiet overnight session. Price has been contained within yesterday's range and is trading near the middle of the Bollinger Bands.
Momentum has moved out of oversold territory and is pointing higher, suggesting there may be more room to the upside before momentum normalizes.
Key Levels
Resistance
• 86.87 – July 31 high
• 87.68 – July 24 gap
• 91.32 – Upper Bollinger Band
Support
• 82.49 – 20-day moving average
• 81.88 – 50-day exponential moving average
• 76.74 – 200-day moving average
Crude (CL1)
Heating Oil (HOU6)
Heating oil is also trading near unchanged after a quiet overnight session. Price made a new high for the move at 4.3134 from the August 5 low, but the trading range has remained relatively small following the rally over the past two sessions.
Momentum is moving into overbought territory but continues to point higher. A close back below yesterday's close would provide the first sign of a potential reversal, particularly as price begins to slow near the upper Bollinger Band.
Key Levels
Resistance
• 4.3526 – Upper Bollinger Band
Support
• 4.0390 – 20-day moving average
• 3.7376 – 50-day exponential moving average
• 3.7255 – Lower Bollinger Band
Heating Oil (HOU6)
Crude Spread (CLZ6/CLZ7)
The spread is down 0.42 at 7.80 (7:30 AM) in overnight trading. Price has remained contained within yesterday's range, creating an inside day so far.
Momentum remains elevated but has not yet moved into overbought territory, suggesting there is still room for price to extend higher before momentum becomes stretched.
Key Levels
Resistance
• 8.88 – Yesterday's high
• 9.44 – Upper Bollinger Band
Support
• 6.30 – 20-day moving average
• 6.02 – 50-day exponential moving average
Crude Spread (CLZ6/CLZ7)
Natural Gas Market Overview
Natural Gas (NGU26)
Natural gas is trading up 0.04 at 2.786. Price has consolidated over the past two sessions following Monday's gap higher and is holding near the 20-day moving average.
Momentum has moved into neutral territory, while price has also consolidated, leaving the market waiting for its next catalyst. A move higher would suggest the recent rally could extend, while a break lower would increase the risk that the broader downtrend resumes.
Key Levels
Resistance
• 2.877 – July 24 gap
• 2.936 – 50-day exponential moving average
Support
• 2.690 – Monday's gap
• 2.612 – Lower Bollinger Band
Natural Gas (NGU26)
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Disclaimer
This article and its contents are provided for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any commodity, futures contract, option contract, or other transaction. Although any statements of fact have been obtained from and are based on sources that the Firm believes to be reliable, we do not guarantee their accuracy, and any such information may be incomplete or condensed.
Commodity trading involves risks, and you should fully understand those risks prior to trading. Liquidity Energy LLC and its affiliates assume no liability for the use of any information contained herein. Neither the information nor any opinion expressed shall be construed as an offer to buy or sell any futures or options on futures contracts. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Any opinions expressed herein are subject to change without notice, are that of the individual, and not necessarily the opinion of Liquidity Energy LLC
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