Comments for October 15, 2009

By Rick Alexander
15 October 2009 @ 09:49 am EDT

LOOKING AHEAD TO THURSDAY BY REFLECTING BACK ON WEDNESDAY'S ACTION

The focus this morning is on Energies. Technical Buy Signals for the Complex

ENERGIES: 10/15/09  Higher closes Wednesday for crude and heating oil along with the rbob while lower for natural gas again. The crude, heat and rbob continue to look higher making all making new recent highs and closes now either in or near resistance areas at this time. the natural gas, however, after a failed bull pennant last week closed lower actually now forming a potential top.

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