What’s Up, What’s Down: Spotlight on Energies
Comments for July 5, 2011
Looking ahead to Tuesday 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 ALL LOOK LOWER OVERALL?
ENERGIES: 7/5/11 Higher closes for natural gas and the rbob. The energies all look lower overall with the heat and rbob currently in resistance areas with the crude having strong resistance from 97 to 102 basis the August contract. Gas settled lower but near the upper end of its session’s range while in a support area. Since April gas has rallied every time it gets near 420 basis the August contract. SELL SIGNAL FOR CRUDE OIL, HEATING OIL AND THE RBOB. CALL FOR DETAILS!
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.