The April Heating oil is currently trading near 322. This market has been very overbought technically and this is not even accounting for warmer US temperatures. It appears that major support is seen first at 310, then 302. A few weeks ago I recommended an option strangle for crude oil and sold the April $125 call and at the same time sold the $85 put.
By William Frejlich | Mar 05, 2012 | Price Futures Group
We still have 40 days until expiration for this call option. April natural gas has held the 260 level for the past 2 weeks and another bullish stocks report this morning has pushed it back to 272. I would like to continue this trade with a slight modification.
By William Frejlich | Feb 16, 2012 | Price Futures Group
I have to be honest that I am grappling with a few possible counts since the March 2009 Bull market commenced in terms of the big picture. With Elliott Wave Analysis, you have to anticipate, monitor, and then adjust. Most of the time I go with my instinct and then only adjust if it looks like I was way off the tracks.
By Dave Banister | Jan 30, 2012 | themarkettrendforecast
For the past 3-4 weeks I have been discussing the fact that natural gas recently pushed below a ten year low. Natural gas obviously is used in the heating and cooling industry as well as fuel for diesel trucks. We recently pushed to 2.20 for Feb. futures and 2.42 for April futures. This week saw a mini revival as futures advanced 50 cents in 2 ½ session with April gas pushing to 2.94 this morning.
By William Frejlich | Jan 26, 2012 | Price Futures Group
For the past few months orange juice wallowed between 165 and 180. A cold front which has filtered Down to Florida has sparked a speculative drive higher from 178 to 207 in TWO sessions. There has been no major damage to date and most groves report no damage. This may be the textbook, "Buy the rumor, sell the fact" market.
By William Frejlich | Jan 10, 2012 | Price Futures Group
Tablet devices the world over are witnessing a rapid decline in sales with the exception of Apple. This has forced smaller tablet makers to cut prices and capture market shares.
By Vinod Yalburgi | Jan 08, 2012 | IBTimes UK
The Trade: Buy a mini March Natural Gas at Market (3.07 last) The Stop: Place a sell stop at 2.74 or riskier traders buy and hold .33 = $825 to the stop Objective: Short term 3.75 and longer term over 5.00
By William Frejlich | Jan 05, 2012 | Price Futures Group
With drought conditions predicted in South America during a prime growing season for corn and beans, you may want to take advantage of any dip in prices ahead of the weekend.
By Tim Hannagan | Dec 29, 2011 | PFG Best
The last week of the year volume tends to be light due to the fact that big money traders are busy enjoying the holidays and waiting for their yearend bonuses.
By Chris Vermeulen | Dec 29, 2011 | TheGoldandOilGuy
Despite a stabilizing cash market and improving demand, hogs have fallen nearly 7 cents since early December. February futures recently tested major support between 8500 and 8550 and have advanced to 8660 as of this writing. Add this to a market which is very oversold with stochastics readings near 7 % and we have the makings for a strong run higher.
By William Frejlich | Dec 13, 2011 | Price Futures Group
With all eyes on the unemployment report and Europe, the CME Group's PR Department nearly created an all out panic with their announcement after the market close on Friday relating to futures maintenance margin. The original statement was vague and I was quite concerned until I checked out the CME Group's web-page and the PR Department sent an update clarifying their position.
By Chris Vermeulen | Nov 07, 2011 | TheGoldandOilGuy
About two weeks ago January orange juice was trading at 15500 and three weeks ago made it to Below 14700. Nothing has changed but the price. As January 2012 juice has moved to 17500. The 16000 puts can be had for 150-160 points. Each point for the juice contract is $1.50 so the 160 Put which was well into the money just weeks ago would cost about $250.
By William Frejlich | Oct 25, 2011 | Price Futures Group