Comments for July 1, 2010
Looking ahead to Thursday by reflecting on Wednesday's trading action
Spotlight on Energy Futures
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: 7/01/10 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 since June 9-11 all getting close to possible sell signals while gas did give me a SELL SIGNAL on Tuesday. Gas made its lowest low since June 3rd before rallying to close higher in reversal type action and also has very good support from 420 to 460 basis the August contract making it a bad idea to sell in its present price area. BUY SIGNALS FOR CRUDE AND HEATING OIL ALONG WITH THE RBOB. SELL SIGNAL FOR NATURAL GASCALL 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 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.