News on Metal and Energy Markets
View more presentations from Jack Johnson
For Futures Trading: Financials Review for The Week of 30-Aug-10
August 31, 2010
Commodities, Futures crude, futures options trading, Futures trading business, copper prices, currencies, Currency Converter, curreny exchange, finance, financial, futures, gold price, oil, silver prices Leave a comment
New week comes, and I’m glad to do my regular job: sharing information on financial market and other related news to help you guys who have the same interest in financial, grain, soft, metal, energy and other futures markets. As normal, we will have a check at the weekly financials review for this week to see what our expert – PitGuru Frank LaMantia – would like us to care.
“The key word is caution this week folks. The market is down because of a lack of confidence. The market is hoping that manufacturing picks up while consumers head for the bunker. The S&P may need to stay above 1066.00 in order to show it can take a few hits from the bear claw. The monthly job report will be announced Friday. It will be a holiday weekend and many will be on vacation or leave early for a half day. This does not mean the market will not swing in one direction or another. So, be ready on Friday!
This morning economic data was announced showing an increase in consumer spending which rose 0.4% in July after 3 months of bad announcements. This could be back to school spending accounting for this rise. Now, if Aug. and Sept. numbers show a rise this will get Wall Street’s attention. This trader is unsure because the consumer is struggling and these numbers may be inflated for a short period. Durable goods rose 1% in which half was auto sales. Doesn’t this sound like parents buying vehicles for their children going to college?
The economy may not be growing fast enough to support job growth which can lead to economic disaster if action is not taken. Job creation and stability of the consumer is needed to get this country back on track. The people built this nation and the government needs to let them build it again!”
Finish, you might note down key points that influence on your trading week. As always, once you earn from trading in futures, you are recommended to checkout other weekly futures reviews or to put an eye on daily futures price report and currency exchange rates. Why so? Markets are changeable and have interaction to the others. Changes in energy or currency market can cause changes in financial. So, don’t miss any news valuable to your business!!
The Energies Review for This Week: 16-August-10
August 18, 2010
Commodities, Futures crude, futures options trading, Futures trading energies, energy, oil, oil futures, oil trading Leave a comment
Be back with the energies market with PitGuru Daniel Cronin, as usual, our expert will tell us some notes for our new trading week. Check out the energies review for the week of August 16th, 2010 for your trading!
The Energies Review for This Week: 16-August-10
The energy market slid down 6% last week as this market got liquidated after a weak jobs number to start the month and the Fed’s decision to hold steady on interest rates. The S&P could not get above 1130 and crude oil could not break through the $82.50- $83 area. Even though the EIA report showed a draw in stockpiles it wasn’t enough to give this market some legs. I would look to $72 on the downside in the oil market as I think this shows some great support on the daily chart. WTI spreads though are holding steady which is one thing that is keeping this market afloat. I am looking for gasoline and heating oil to be stronger than the oil market this week after getting battered against oil the previous weeks.
Natural Gas is down to the support of $4.30 and I suggest getting into some long OTM calls as this market has a nice base from $4.00 to $4.30. This market has been range bound from $4.30 to $4.75 and this time around is no different.
As traders and investors in the trading floor, we know that trading in commodity futures markets is not easy and a wide knowledge can help. Energies, metals, financials, grains, softs and other futures markets have interaction. Changes in this market can influence to others’ prices. So, we need to keep update the information of all. It’s never useless to check for more futures reviews! Don’t miss any news supporting your business!
The Energies Review for This Week: 16-August-10
August 18, 2010
Commodities, Futures crude, futures options trading, Futures trading energies, energy, futures oil, oil Leave a comment
Be back with the energies market with PitGuru Daniel Cronin, as usual, our expert will tell us some notes for our new trading week. Check out the energies review for the week of August 16th, 2010 for your trading!
The Energies Review for This Week: 16-August-10
The energy market slid down 6% last week as this market got liquidated after a weak jobs number to start the month and the Fed’s decision to hold steady on interest rates. The S&P could not get above 1130 and crude oil could not break through the $82.50- $83 area. Even though the EIA report showed a draw in stockpiles it wasn’t enough to give this market some legs. I would look to $72 on the downside in the oil market as I think this shows some great support on the daily chart. WTI spreads though are holding steady which is one thing that is keeping this market afloat. I am looking for gasoline and heating oil to be stronger than the oil market this week after getting battered against oil the previous weeks.
Natural Gas is down to the support of $4.30 and I suggest getting into some long OTM calls as this market has a nice base from $4.00 to $4.30. This market has been range bound from $4.30 to $4.75 and this time around is no different.
As traders and investors in the trading floor, we know that trading in commodity futures markets is not easy and a wide knowledge can help. Energies, metals, financials, grains, softs and other futures markets have interaction. Changes in this market can influence to others’ prices. So, we need to keep update the information of all. It’s never useless to check for more futures reviews! Don’t miss any news supporting your business!
The Energies Review for The Week of July 26th, 2010
July 28, 2010
Commodities, Futures crude, futures options trading, Futures trading energies, energy Leave a comment
A week went quickly. How about your business? I hope you had a great trading week. New week is lasting with changes we should note for our new trading week. Just check out The Energies Review for the week of July 26th, 2010 to see what our expert – PitGuru Daniel Cronin – notes about the market.
“The energy markets had a great week last week rallying in all of the sectors as the equity market ticked higher and the Euro continued its torrid pace against the USD. The one key factor on Friday was that the market sustained gains not giving anything back to head out the close to the weekend. WTI spreads have also sustained the recent rally as the inventory space in the Oil market declined some 5 million barrels last week and have dipped the last 4 straight weeks. Sep/Oct still in the -30′s while Oct/Nov is trading at -50. The only negative to this market is that Hurricane Bonnie dissipated as a tropical storm near the U.S. Gulf Coast at the weekend, sparing refineries and offshore production operations. BP Plc vessels returned to the area working to permanently plug a damaged well, the source of the largest oil spill in U.S. history. This is the only factor why Oil has not tried to break through $80 yet. Crude was above $79 and at the top of the range so I am recommending some put purchases based on technical analysis resistance at this $80 level.
Natural Gas has traded up to $4.70 again this week, which is great resistance as warnings of Hurricane Bonnie led shorts to get squeezed out of the market. I would say this too should be sold up at the $4.75 level and I suspect prices will drift back down to $4.30.”
So far, you have a whole view of energies market, and might note down necessary information. As we noted that, energy is not the only market that futures traders need to care. You also can view other weekly futures market reviews that I cannot share with you all here to decide your trading. I wish you a successful week. We will meet again in the next week for new reviews.
The Financials Review in July 19th, 2010
July 21, 2010
Commodities, futures options trading, Futures trading finance, financial, financials Leave a comment
Just spend some minutes checking out the financials review this week ( the week of July 19th, 2010) to decide your business! JD Power has released their annual survey of investor satisfaction with brokerage firms. Full service brokerages that one might expect to have pulled ahead in ratings were down. BOA/Merrill, Morgan Stanley/Smith Barney, and Wells Fargo came up on the short side of the list. The overall top 3 firms that measured investor’s perception of the advisers, performance of investments, and accounting fees was Edward Jones, Royal Bank of Canada’s RBC Wealth Management, and LBL Financial. An increasing proportion of the 4,460 investors who took the survey said they believed their investment firm was driven more by profit concerns than focused on the customer.
Friday could be a market-mover simply because the stress announcements for over 91 banks in Europe will be announced. This will hopefully show weak spots and give vulnerable banks the opportunity to raise capital. These tests are being taken to show Asian wealth funds that European savings banks are not risky business, and also show that investors are confident. Are these tests being done for the right reasons? It seems as though it is for money rather than the safety of consumers!
Corporate earnings used to be cut and dry where positive earnings helped the stock market move in an upward direction. Economic reports have put a solemn mood on earnings before the season even started. A year ago many polled said a double recession was impossible. Now it is in the financial news as a main topic each day. The housing market still seems to be a thorn in the consumer’s side. Sideways trading, little to no growth, and possibly a double recession could be what is in store for the future.
The S&P traded up 4 points to 1065 the DOW traded at 10089 up 30 points in premarket trading. Some may consider this trader pessimistic or even doom and gloom but if this market stagnates at this juncture a sell off could be in the midst. Many times in this situation the market gains momentum to give itself a cushion just in case bad news is announced.
Related to finance, the demand for immediate information (including information regarding converting currencies) is overwhelming, so check out the online currency converter calculator will give you the timely currency conversion and exchange rate for extra help in your trading!
