Crude Complex Poised To Rally
Each evening we
focus on the most interesting aspects for the upcoming
trading day. The comments are based on observations of the
nightly updates of the Futures and Market Bias pages. They
are provided for educational purposes only and are not
intended to be direct trading advice. Also, keep in mind
that these remarks are made up to 12 hours in advance of the
markets opening. Therefore, overnight events may alter the
outcome of these observations.
face=”Arial, Helvetica”>For those of you planning to attend
the TradingMarkets2000 First Annual Traders Conference at
the Venetian Resort, Hotel & Casino in Las Vegas on
October 13-15, I’ll be speaking on Saturday afternoon
following Leno. I’ll also be at the cocktail party
Friday night. Sign up soon, as space is limited.
The October crude complex: crude oil
(
CLV0 |
Quote |
Chart |
News |
PowerRating), unleaded gas
(
HUV0 |
Quote |
Chart |
News |
PowerRating)
and heating oil
(
HOV0 |
Quote |
Chart |
News |
PowerRating), all look poised to rally out of pullbacks from
life-of-contract highs. Look for buying opportunities here.
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The December Swiss Franc
(
SFZ0 |
Quote |
Chart |
News |
PowerRating), mentioned
recently, still looks vulnerable. Continue to look shorting opportunity here.
Best of luck with
your trading on Friday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!