What’s Up, What’s Down: Spotlight on Energies
Comments for May 26, 2011
Looking ahead to Thursday by reflecting back on Wednesday’s trading
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors
What do the failed bear triangles in Crude and Heating Oil mean??
ENERGIES: 5/25/11: Higher for crude and heating oil along the rbob and natural gas. The crude and heat closed higher causing failed bear triangles which should, in my opinion, mean a retracement rally will ensue. Crude could rally to the 105 area and the heat 310.Both had their best closes since 5/10/11. The rbob also settled higher with room to possibly retrace up to the 320 area if it closes over 308 first. Gas also settled higher(best since 5/4/11) but still keeping me on the sidelines for now while attempting to form a large possible bottom. SELL SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH THE RBOB. 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 firstname.lastname@example.org or call toll-free (888) 281-4158.
Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors. The information in this Report and the opinions expressed are subject to change without notice. All known news and events have already been factored into the price of the underlying commodities discussed.