Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
By: Rick Alexander, senior broker at Zaner Group.
CRUDE OIL: 5/18/12 Lower close yesterday for crude oil futures. The rising dollar and falling indices lately have helped lead the energies lower. The crude made its worst close since November 2nd while the heat had its lowest low and close since December and the rbob since January. The crude has been bascially falling since the beginning of the year and now has quite a bit of resistance overhead as seen below. It’s next support is below 9000 basis the July contract. For additional customizable charts and quotes visit Markethead.com for a FREE, no-obligation 30 day subscription. SELL SIGNAL FOR CRUDE OIL FUTURES. CALL FOR DETAILS AT (312) 277-0107 OR EMAIL firstname.lastname@example.org!
Subscribe FREE to Zaner Group’s Daily Research Newsletter.
Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
- Judy Crawford’s Crude Oil futures Market Update (5/16)
- Rick Alexander’s Crude Oil futures commentary (5/16)
- Live Cattle & Feeder Cattle futures give buy signals (5/15)
- Rick Alexander’s Grain futures commentary (5/18)
- Judy Crawford’s Currency futures Market Update (5/16)
- Heating Oil & Gasoline RBOB show sell signals (5/14)
- November Soybeans Struggle to Rally with Other Grains (5/18)
- Rick Alexander’s Metal futures commentary (5/18)
- Feeder Cattle futures show a buy signal (5/17)
- Rick Alexander’s Stock Index futures commentary (5/18)
- Rick Alexander’s Energy futures commentary (5/18)
- Markethead: Quotes, charts, news, commentary and more.