What’s Up, What’s Down: Spotlight on Energy Futures

Comments for Thursday, October 14, 2010

Looking Ahead to Today by Reflecting Back at Wednesday’s Price Action

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:

(Reports today: EIA GAS STORAGE. EIA ENERGY STOCKS). Higher closes for natural gas, crude and heating oil along with the rbob but no changes technically once again. The crude, heat and rbob continue to look higher overall while retracing over the last few trading sessions. Gas settled higher but continues to be in a very strong downtrend as shown below. Government talk of increasing ethanol 5% in gas for cars from 2005(not certain about which year) has had little effect on the energies at this time. BUY SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH THE RBOB. SELL SIGNAL FOR NATURAL GAS. CALL FOR DETAILS!

Crude Oil Chart

Heating Oil Chart

RBOB Chart

Natural Gas Chart

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.

The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.

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