For Futures Trading: For Futures Trading: The Energy and Metal The Energy and Metal

Market ReviewsMarket ReviewsMarch 28th, 2011March 28th, 2011

To make clever decision, traders and investors To make clever decision, traders and investors need to have a good understanding of not only the need to have a good understanding of not only the

markets they invest but also other related ones. markets they invest but also other related ones. For this reason, I keep being patient to share with For this reason, I keep being patient to share with

you the news on you the news on futures tradingfutures trading platform. This platform. This week I would like to share a short review on metal week I would like to share a short review on metal and energy market analyzed by and energy market analyzed by Pitguru Daniel Pitguru Daniel

CroninCronin..

According to Pitguru Daniel According to Pitguru Daniel Cronin’s report, crude oil had a Cronin’s report, crude oil had a very dull week when traders in very dull week when traders in

the floor were watching the the floor were watching the headlines waiting patiently for headlines waiting patiently for any news to move the flatprice any news to move the flatprice

in either direction but to no in either direction but to no avail as May Crude stayed avail as May Crude stayed

around $105.around $105.

He believes this week there will be He believes this week there will be a liquidation in the flatprice as the a liquidation in the flatprice as the

oil price has at least $5 of oil price has at least $5 of premium in it right now. In the premium in it right now. In the

mean time, any traders and mean time, any traders and analysts will likely start to get analysts will likely start to get impatient and sell off positions impatient and sell off positions

here.here.

He said in his report that “I will He said in his report that “I will look to get into OTM Puts as I look to get into OTM Puts as I believe the price of Oil could believe the price of Oil could

get back to $100, if not lower”. get back to $100, if not lower”. How about Natural Gas? This How about Natural Gas? This market had a very good week market had a very good week rallying above to $4.50 in the rallying above to $4.50 in the May contract and as believed, May contract and as believed, gas pricesgas prices can be held up with can be held up with

potential support around $4.30. potential support around $4.30.

These are the notable points when These are the notable points when we talk about the energy markets.we talk about the energy markets.

Turn to the metals. Precious Turn to the metals. Precious metals had a peculiar week. Gold metals had a peculiar week. Gold

rallied to new heights over $1,445, rallied to new heights over $1,445, but it had no real conviction in but it had no real conviction in

keeping the price above there and keeping the price above there and has subsequently pulled back $25 has subsequently pulled back $25 right now to $1,422.  And Silver right now to $1,422.  And Silver also had rallied above $37 and also had rallied above $37 and

was looking poised to continue its was looking poised to continue its run but it too faded a bit.run but it too faded a bit.

Going on the same way with Oil Going on the same way with Oil and the energies, this market will and the energies, this market will try and sell back down to support try and sell back down to support of $1,400. So look for a potential of $1,400. So look for a potential liquidation to start the week as liquidation to start the week as

prices will drift lower as prices will drift lower as the USDthe USD strengthens against other major strengthens against other major

currencies! Leave Silver home, we currencies! Leave Silver home, we will go next with Copper. It looks will go next with Copper. It looks to be ready to head back down to to be ready to head back down to $4.30 as well, so look for this base $4.30 as well, so look for this base

metal to react the same with metal to react the same with equities, starting the week equities, starting the week potentially lower as well.potentially lower as well.

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***chart courtesy Gecko Software’s Track n’ Trade Pro***chart courtesy Gecko Software’s Track n’ Trade ProPast performance is not necessarily indicative of future Past performance is not necessarily indicative of future

results.results.