You are going to check out energy market this week, I hope that the notable points that Pitguru Daniel Cronin has noted for you guys will help for your trading week.
The Energies Review
For the week of March 28th, 2011
Crude Oil had a very dull week as traders were watching the headlines waiting patiently for any news to move the flatprice in either direction but to no avail as May Crude stayed around $105. I believe this week there will be a liquidation in the flatprice as the oil price has at least $5 of premium in it right now and many traders and analysts will likely start to get impatient and sell off positions here. I will look to get into OTM Puts as I believe the price of Oil could get back to $100, if not lower. Natural Gas had a very good week rallying above to $4.50 in the May contract and I believe prices can be held up with potential support around $4.30.
Since a good understanding of the market we are trading and also other related markets will help us make clever decision, besides energy review, you can have a look at other interactive market reviews to have a full view of where you are - the futures trading platform.
The Energy Market Review This Week : March 28th, 2011
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