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Comments for September 2, 2010

Looking ahead to Thursday by reflecting on Wednesday’s trading action

Futures and options trading is speculative in nature and involves substantial risk of loss. Futures and options trading is not suitable for all investors

Spotlight on Energy Futures

ENERGIES: 9/02/10 Sharply higher closes Wednesday for crude and heating oil along with the rbob this time while lower for natural gas. The crude, heat and rbob continue to show very choppy action but now are forming possible bottoms. The crude formation, however, is a little harder to read because I can make a case for a bear pennant along with a bottoming formation possibly happening. Since the heat and rbob show possible bottoming formations I look for the crude to act the same way. Gas continues to look very weak technically and fundamentally. The lower gas futures has finally showed up in my gas bill! SELL SIGNALS FOR THE CRUDE AND HEATING OIL, RBOB AND NATURAL GAS. CALL FOR DETAILS!

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Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com or call toll-free (888) 281-4158.