What’s Up, What’s Down: Spotlight on Energies
Comments for May 9, 2011
Looking ahead to Monday by reflecting back on Friday’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
SPOTLIGHT ON ENERGY FUTURES
ENERGIES: 5/0/11 Lower for the crude and heating oil along with the rbob and natural gas again. The energies were hurt technically on Thursday following through Friday. All of the energies made new recent lows and closes with heating oil having support below280(June), while the rbob bounced of its support area while gas is in one. I still remain out of the rbob market for now.SELL SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH NATURAL GAS. CALL FOR DETAILS.
In early morning trading, my Futures HeatMap shows the Energies sector up 1.00% from Friday’s closing prices. Crude, heating oil, natural gas & gasoline are all higher; only ethanol is lower for the day. View the color-coded HeatMap at https://www.markethead.com/2.0.
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 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.