Comments for Thursday, May 6, 2010
Looking Ahead to Today by Reflecting Back at Wednesday’s Price Action
Sharply lower closes yesterday for crude and heating oil along with the RBOB while lower for natural gas. The crude and RBOB have given me SELL SIGNALS along with being support areas while the heat came close to a sell. Gas is now in a BEAR PENNANT looking very weak overall. BUY SIGNAL HEATING OIL. SELL SIGNALS FOR THE CRUDE OIL, RBOB AND 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 email@example.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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