What’s Up, What’s Down: Spotlight on Energies
Comments for May 2, 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
ENERGIES LOOK STRONGER OVERALL
ENERGIES: 5/2/11 Higher closes Friday for crude and heating oil along with the rbob and natural gas. The energies continue looking strong overall with the crude making its best close since September 2008, the rbob a new CONTRACT HIGH AND CLOSE and gas its best high and close since late January also giving me a BUY SIGNAL. BUY SIGNALS FOR CRUDE AND HEATING OIL ALONG WITHTHE RBOB AND NATURAL GAS. CALL FOR DETAILS .
In early morning trading, my Futures HeatMap shows the Energies sector up 0.28% but this is actually misleading. The “drill-down” feature of the HeatMap reveals that while four of the five contracts which comprise the Energies group are actually oower, big strength in Ethanol futures is bringing the overall sector into positive territory. 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 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.