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For Futures Trading:  The Energy and Metal Market Reviews March 28th, 2011 To make clever decision, traders and investors need to have a good understanding of not only the markets they invest but also other related ones. For this reason, I keep being patient to share with you the news on  futures trading  platform. This week I would like to share a short review on metal and energy market analyzed by  Pitguru Daniel Cronin .
According to Pitguru Daniel Cronin’s report, crude oil had a very dull week when traders in the floor 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.
He believes this week there will be a liquidation in the flatprice as the oil price has at least $5 of premium in it right now. In the mean time, any traders and analysts will likely start to get impatient and sell off positions here.
He said in his report that “I will look to get into OTM Puts as I believe the price of Oil could get back to $100, if not lower”.  How about Natural Gas? This market had a very good week rallying above to $4.50 in the May contract and as believed,  gas prices  can be held up with potential support around $4.30.
These are the notable points when we talk about the energy markets. Turn to the metals. Precious metals had a peculiar week. Gold rallied to new heights over $1,445, but it had no real conviction in keeping the price above there and has subsequently pulled back $25 right now to $1,422.  And Silver also had rallied above $37 and was looking poised to continue its run but it too faded a bit.
Going on the same way with Oil and the energies, this market will try and sell back down to support of $1,400. So look for a potential liquidation to start the week as prices will drift lower as  the USD  strengthens against other major currencies! Leave Silver home, we will go next with Copper. It looks to be ready to head back down to $4.30 as well, so look for this base metal to react the same with equities, starting the week potentially lower as well.
fd ***chart courtesy Gecko Software’s Track n’ Trade Pro Past performance is not necessarily indicative of future results.

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For Futures Trading: Energy and Metal Review for The Week of March 28th, 2011

  • 1. For Futures Trading: The Energy and Metal Market Reviews March 28th, 2011 To make clever decision, traders and investors need to have a good understanding of not only the markets they invest but also other related ones. For this reason, I keep being patient to share with you the news on futures trading platform. This week I would like to share a short review on metal and energy market analyzed by Pitguru Daniel Cronin .
  • 2. According to Pitguru Daniel Cronin’s report, crude oil had a very dull week when traders in the floor 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.
  • 3. He believes this week there will be a liquidation in the flatprice as the oil price has at least $5 of premium in it right now. In the mean time, any traders and analysts will likely start to get impatient and sell off positions here.
  • 4. He said in his report that “I will look to get into OTM Puts as I believe the price of Oil could get back to $100, if not lower”.  How about Natural Gas? This market had a very good week rallying above to $4.50 in the May contract and as believed, gas prices can be held up with potential support around $4.30.
  • 5. These are the notable points when we talk about the energy markets. Turn to the metals. Precious metals had a peculiar week. Gold rallied to new heights over $1,445, but it had no real conviction in keeping the price above there and has subsequently pulled back $25 right now to $1,422.  And Silver also had rallied above $37 and was looking poised to continue its run but it too faded a bit.
  • 6. Going on the same way with Oil and the energies, this market will try and sell back down to support of $1,400. So look for a potential liquidation to start the week as prices will drift lower as the USD strengthens against other major currencies! Leave Silver home, we will go next with Copper. It looks to be ready to head back down to $4.30 as well, so look for this base metal to react the same with equities, starting the week potentially lower as well.
  • 7. fd ***chart courtesy Gecko Software’s Track n’ Trade Pro Past performance is not necessarily indicative of future results.