Energies rally, fresh buy signals all around
Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
Energy futures rallied today (4/20) with crude oil, heating oil and RBOB gasoline futures all closing higher while the U.S. Dollar Index fell.
Today's rally gave me a fresh buy signal for June crude oil futures today on the daily chart. The trend is up for crude on both the weekly and monthly charts as well.
June Heating Oil also is showing a fresh buy signal on the daily chart as is June RBOB gasoline. The trend is up on the weekly and monthly chart for heating oil and gasoline on their respective charts.
May Natural gas rallied as well which indicate's a King's Cross counter-trend buy signal to me on the daily chart.
The U.S. dollar's move lower is indicating a sell signal on the daily chart. The trend is down on both the dollar's weekly and monthly chart. Oftentimes a declining dollar bolsters commodity prices.
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Review what I consider a "buy/sell" signal watch Larry Baer's Traditional Trending Strategy video: http://www.youtube.com/watch?v=iro7sFQRG5k
Larry Baer's Options & Futures Trading Strategies: http://larrybaer.com
Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.







