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


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!

Crude Oil Chart

Natural Gas Chart

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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.

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