What’s Up, What’s Down: Energy Futures Strong

Comments for Thursday, April 29, 2010

Looking Ahead to Today by Reflecting Back at Wednesday’s Price Action


Higher closes yesterday for natural gas, crude and heating oil along with the rbob. While the crude, heat and rbob are in bull markets the crude has been trending lower over the last three weeks while the heat and rbob have been consolidating. Also, crude is in a very strong support area while gas made its highest high since March 18th gradually working towards a buy signal at this time. BUY SIGNALS FOR CRUDE, HEAT AND THE RBOB. SELL SIGNAL FOR NATURAL GAS. CALL FOR DETAILS!

Crude Oil Chart

Natural Gas Chart


Lower closes Wednesday for the notes and bonds while higher for the Eurodollars this time but no changes technically. The Eurodollars still have a TRIPLE TOP and broke out of its trading range to the downside giving me a sell signal on Monday while the bonds and notes gave back some of its sharp gains on Monday when they broke out convincingly. BUY SIGNALS FOR NOTES AND BONDS. SELL SIGNAL FOR THE EURODOLLARS. CALL FOR DETAILS!

US Treasury Bond Chart

US Treasury Note Chart

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. If you would like a free booklet explaining the charts mentioned above, 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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