Looking ahead to Friday by reflecting on Thursday's trading action
On Friday, May 28, some trading floor sessions close early. Some contracts close early for Globex session only. See the complete Memorial Day holiday trading hours schedule at http://www.zaner.com/3.0/market_information/hot_topics.asp
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: 5/28/10 Higher to sharply closes yesterday higher for natural gas, crude and heating oil along with the rbob. The crude, heat, rbob and gas made their highest closes in 1 to 1 1/2 weeks just the opposite of yesterday's action (excluding gas). This seems to be the theme for quite a few markets today! However, the downtrends remain in tack. Crude has resistance around the 7500(July) area and the July gas contact continues to remain basically range bound between 4000 and 4500 since the middle of March.
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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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.