Comments for June 28, 2010
Looking ahead to Monday by reflecting on Friday's trading action
Buy signals for Crude and Heating Oil?
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: 6/28/10 Higher closes last week for crude and heating oil along with the rbob and natural gas. The heat and rbob made their closes since May 13th this time trending higher overall along with the rbob. Crude needs to continue to hold the 7500 area basis the August contract. Gas settled higher again ending its small bear pennant while needing to hold 4667 basis the August contract while looking like its in a possible topping formation. BUY SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH THE RBOB AND NATURAL GAS. CALL FOR DETAILS!
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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 firstname.lastname@example.org 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.