What’s Up, What’s Down: Spotlight on Energies
Comments for May 13, 2011
Looking ahead to Friday by reflecting back on Thursday’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
ENERGY FUTURES ON A ROLLER COASTER
ENERGIES: 5/13/11: Higher closes yesterday for the crude and heating oil along the natural gas while lower for the rbob. The energies were hurt technically by recent action with the crude and heat looking like their long-term uptrends are ending while the rbob has been hurt by this week’s action but still keeping me on the sideline for now.Gas also looks weak although, after making its worst low since April 10th did close higher in reversal type action. If you like roller coasters and a thrill a minute then you’ll love trading the energies! SELL SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH NATURAL GAS. CALL FOR DETAILS.
But in early morning trading, the Energies sector is showing promising strength. My Futures HeatMap, a color-coded view of the eight futures market sectors, shows that Energies, as of 8:10 am Central this morning (May 13), are up a composite 0.97%, led by RBOB (gasoline). To view the Heat Map, click, or type this link into your browser: https://www.markethead/2.0.com.
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NOTE: NYMEX RBOB futures margin increased from $9,450 to $11,475 effective with the May 12 close of business.
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 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.