What’s Up, What’s Down: Crude Up, Natural Gas Down
Comments for Monday, October 4, 2010
Looking Ahead to Today by Reflecting Back at Friday’s Price Action
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors.
ENERGIES:
Higher closes last Friday for crude and heating oil along with the RBOB while lower for natural gas. The energies had good closes again with the crude and RBOB giving me BUY SIGNALS last Friday, with the heating oil giving me a BUY SIGNAL while the crude and RBOB came close. The crude made its highest high and close since August 10th, heat since May 5-6 and the RBOB since August 7th while gas had a new CONTRACT LOW CLOSE.BUY SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH THE RBOB. SELL SIGNAL FOR NATURAL GAS. CALL FOR DETAILS!
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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.