What’s Up, What’s Down: Gas and Heat Forming Small Bull Pennants

Comments for Friday, June 18, 2010

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


Higher closes Thursday for the heating oil, RBOB and natural gas while lower for crude oil. The crude, heat and RBOB continue to look higher with the heat in a small BULL PENNANT. Also, it was the best highs and closes since the middle of May for the latter two. Gas closed higher now also in a small BULL PENNANT looking strong. BUY SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH THE RBOB AND NATURAL GAS. CALL FOR DETAILS!

Heating OilChart

RBOB 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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