Energy and Metal Reviews This Week: August 29, 2011

Futures Markets: Energies & Metals Review Once you are earning from futures markets , the Energy and Metal Review I’m sharing will interest you like ever. Since the markets are changeable and such the information will help guide your work. If you say yes, now we start.

To open the review, we will firstly have a look at energy markets. Last week the energy space did a lot of consolidating as crude oil bounced around from $82 to $87 with huge support at the $83 level. The equities look to be trying to build a support base in the DOW. The euro has seen itself increase in recent days against other major currencies.

Our expert - Daniel Cronin - believes that crude will still try and keep a neutral range. However, it looks like the upside could be tested more this week as there have been higher highs and higher lows. About gasoline and heating oil, these markets have seen tremendous strength with the heat crack over $40 and gas crack over $32.

Daniel Cronin just wonders when these will break down but just has not seen it yet. Natural gas looks to be bought in the $3.80 area with OTM calls as this market could once again head over $4. You can look at the market chart for a full view.

**Chart courtesy Gecko Software’s Track n’ Trade Pro Past performance is not necessarily indicative of future results.

Now, we just go next with metals market. You know, precious metals had a crazy week with gold plunging more than $200 from its high. However, after that, gold bounced right back to $1,830 regaining more than half of the losses back. This market has shown buying interest on big dips suggesting this market is no bubble.

While silver too declined below $40 but then shot right back up to $41.50. Daniel has reason to believe gold will once again try to get to $1,900. How about Copper? It has broken the upside resistance of $4.10 and is likely going to try and get to $4.15 as the equity markets try and climb out of their hole.

The notes around metals markets end the review this week. You many take note the important points that experts would like us to pay attention on. So now, just be wise for a successful trading week!

Disclaimer : Past performance is not indicative of future results. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. The use of stop loss or contingent orders may not protect profits and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.

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Energy and Metal Reviews This Week: August 29, 2011

by Jack Johnson on Aug 30, 2011

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Energy and Metal Reviews This Week: August 29, 2011 — Presentation Transcript