Heating Oil Cooling Off?
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.
For the nimble, June heating oil
(
HOM2 |
Quote |
Chart |
News |
PowerRating) and unleaded gas
(
HUM2 |
Quote |
Chart |
News |
PowerRating)
still look like they have the potential to make another leg down from their
recent down moves from highs.
May bellies
(
PBK2 |
Quote |
Chart |
News |
PowerRating), mentioned recently, appear to be resuming their
downtrend out of a pullback from lows.
Best of luck with
your trading on Tuesday!
face=”Arial, Helvetica”>Dave Landry
P.S. Reminder:
Protective stops on every trade!