Looking ahead to Thursday by reflecting on Wednesday's trading action
Natural Gas at a critical area
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: 6/24/10 Higher closes yesterday for natural gas while lower for crude and heating oil along with the rbob. The crude, heat and rbob made their lowest closes in a week and are still trending higher in the short term. However, look at the Weekly charts below and you will see basically Sideways actions since May 2009! Gas settled higher while now in a small BEAR PENNANT at a critical area to hold. BUY SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH THE RBOB AND NATURAL GAS. CALL FOR DETAILS!
For my complete coverage, visit my commentary page at www.markethead.com
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.