Energy Prices Higher
While initial gains in crude oil prices this morning are not significant we suspect they are the result of a slight improvement in global market sentiment, recent favorable Chinese data, the US executive action over the weekend to support the US economy and from news that large oil companies have put in place plans for production cuts of 1 million barrels per day.
It is very difficult to determine price direction in a market that appears to be in a long-term shift in fundamental views. However predicting natural gas prices is made even more difficult by the fact that the market has now corrected massively from historic low pricing during the past 4 weeks.
Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM. The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared. The information provided is designed to assist in your analysis and evaluation of the futures and options markets. However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.