What’s Up, What’s Down: Crude Makes Lowest Low Since July 2009
Comments for Friday, May 21, 2010
Looking Ahead to Today by Reflecting Back at Thursday’s Price Action
ENERGIES:
Lower closes for the crude and heating oil yesterday, along with the RBOB and natural gas again. The crude made its lowest low and close since July 2009, the heat since February and RBOB since September 2009 continuing their downward slide. Gas sold off again continuing its sideways action since the middle of March but in a long-term downtrend overall. SELL SIGNALS FOR THE CRUDE OIL, HEATING OIL, RBOB AND NATURAL GAS. CALL FOR DETAILS!
Contact me to receive a free copy of our new special report on Natural Gas futures. For my complete coverage, visit my commentary page at www.markethead.com.
Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com.
The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.
Backtested on over 17,000 trades test this new trading indicator for Leveraged ETFs and find high probability setups daily – click here now.