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Since  futures markets  have strong influence on other markets and our life, we need to keep up with the changes in every  futures market  that directly or indirectly related to our life or trading. Because we cannot cover all the markets here, today we will stop by the  energy and metal markets  to see how crude oil, gas, gold, silver, etc. going.
We will firstly go stop by energy market to have a look. Crude Oil had a bit of a turnaround last week as investors and traders alike sold the energy sector on profit taking and higher inventory supply as the March flat price come off to $88. This is very key support here at the $88-$87 level so look for  crude oil price  to stop here first and then figure out where it will go from here.
With the selling of the WTI spreads in the March-April now going below -150 and the arbs (wti vs brent) in March looking to head to -10.00. According to expert, the flatprice wants to run south for now.  After $87 the next big support level I see is $82. 
Now, we go next to view the Natural Gas. This market continues to make headway and is at its highest point of the year so far at $4.75 as this market looks poised to get to $5.00.
This is being propelled by the bitter cold the Northeast is having the last few weeks. As our expert - Daniel Cronin   -  said: “I like this market to keep going higher, and I believe any pullback should be bought here as prices look very healthy above $4.50.
How about  metals market ? As noted, the precious metals markets have seen shades of breaking down the last week as Gold and Silver got sold off, breaking some key short term support levels.  Gold is trading $1,345 and broke the $1,370 on the downside and Silver trades $27.79 after slipping below $29.50. 
Daniel Cronin  believes these markets are looking to liquidate further, and Gold has huge support at $1,320 so watch this level very carefully.  He likes this market in the long run as Gold has been positive for 10 straight years, but this is just a bit of profit taking and if Gold gets below $1,320 it could see $1,270.
About Copper, we will have a short review at this market. It came off a bit last week but still very healthy above $4.25 as this is the best performing market this year and for the past 2 years as prices have rallied from $1.25 in 2008 all the way up to $4.50 where there is huge resistance right now.
Copper looks to stay in the $4.00 to $4.50 range but our expert would be a seller on any rally here as he believed the $4.50 number is just too powerful to get through right now.
Trading in futures and options involves a substantial degree of a risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Do not trade without a good understanding of the markets! Keep up with the changes and plan your trading!

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Energies and metals market

  • 1. Since futures markets have strong influence on other markets and our life, we need to keep up with the changes in every futures market that directly or indirectly related to our life or trading. Because we cannot cover all the markets here, today we will stop by the energy and metal markets to see how crude oil, gas, gold, silver, etc. going.
  • 2. We will firstly go stop by energy market to have a look. Crude Oil had a bit of a turnaround last week as investors and traders alike sold the energy sector on profit taking and higher inventory supply as the March flat price come off to $88. This is very key support here at the $88-$87 level so look for crude oil price to stop here first and then figure out where it will go from here.
  • 3. With the selling of the WTI spreads in the March-April now going below -150 and the arbs (wti vs brent) in March looking to head to -10.00. According to expert, the flatprice wants to run south for now.  After $87 the next big support level I see is $82. 
  • 4. Now, we go next to view the Natural Gas. This market continues to make headway and is at its highest point of the year so far at $4.75 as this market looks poised to get to $5.00.
  • 5. This is being propelled by the bitter cold the Northeast is having the last few weeks. As our expert - Daniel Cronin - said: “I like this market to keep going higher, and I believe any pullback should be bought here as prices look very healthy above $4.50.
  • 6. How about metals market ? As noted, the precious metals markets have seen shades of breaking down the last week as Gold and Silver got sold off, breaking some key short term support levels.  Gold is trading $1,345 and broke the $1,370 on the downside and Silver trades $27.79 after slipping below $29.50. 
  • 7. Daniel Cronin believes these markets are looking to liquidate further, and Gold has huge support at $1,320 so watch this level very carefully.  He likes this market in the long run as Gold has been positive for 10 straight years, but this is just a bit of profit taking and if Gold gets below $1,320 it could see $1,270.
  • 8. About Copper, we will have a short review at this market. It came off a bit last week but still very healthy above $4.25 as this is the best performing market this year and for the past 2 years as prices have rallied from $1.25 in 2008 all the way up to $4.50 where there is huge resistance right now.
  • 9. Copper looks to stay in the $4.00 to $4.50 range but our expert would be a seller on any rally here as he believed the $4.50 number is just too powerful to get through right now.
  • 10. Trading in futures and options involves a substantial degree of a risk of loss and is not suitable for all investors. Past performance is not indicative of future results. Do not trade without a good understanding of the markets! Keep up with the changes and plan your trading!