Futures Market Reviews : Energies and Metals Market

Futures Market : The Energy and Metal Reviews Not only Japan but the world is facing with the pain that disaster brings to human life. We all deeply want to share things with the Japanese and hope that everything will be ok soon. Back to futures trading floor, the markets has been influenced also. It's time for us to have a look at the markets we care – Metals and Energies - to plan our work for the next few days.

We all heard about the fact that thousands of people were killed in the Earthquake was the biggest and deadliest in some 140 years. This makes the whole world pain and influences strongly to the global economy.

According to Daniel Cronin’s analysis, Crude oil's charge higher took an abrupt stop last week as the huge Earthquake in Japan rocked the world on Friday morning and sent the oil prices tumbling $4 to below $100 per barrel.

Crude's price will likely hover around the $100 mark and he believes this liquidation is the perfect opportunity to get into some OTM calls as this market will likely creep back above $100. This week the US Dollar has already started the off on the wrong foot, lower by more than a full penny against the Euro.

As our expert predicted this will lead to a higher price for Crude. About Natural Gas, the gas prices look to be moving higher as well bouncing off the $3.75 level to trade just below $4.00. ”I see big resistance at $4 so look for that to be the next stop in the NG price.”, he said.

How about the metal markets? There must be clear changes I think. Let’s see what Daniel Cronin tells us about it. L ast week, as a huge earthquake rocked Japan and the tensions in the Middle East continue, precious metals bounced off support levels to trade higher as the USD lost ground against other major currencies with the flight to safety play in effect.

Gold dipped into the low $1,400's where it was met with good support and now trades higher to $1,430. This looks like another run at the highs are in effect. Keep an eye on the Euro/USD which is just trading a shade under $1.40.

Copper prices have had a big liquidation last week from $4.50 to $4.10 so look for the $4.10-$4.00 mark to show good support as shorts take profit from the recent decline. The equity markets have been on shaky ground these last few weeks so as these go down. As Mr. Daniel Cronin thinks that Copper will follow suit.

Futures Market Reviews : Energies and Metals Market

by Jack Johnson on Mar 15, 2011

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Futures Market Reviews : Energies and Metals Market — Presentation Transcript

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