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TFC Commodity Trading Forum

The Energies Review *PIC*

The Energies Review
For the week of July 25, 2011

By Daniel Cronin

Crude oil lifted above $100 briefly at the end of the trading week last week as supplies decreased and the Euro rallied to over $1.4300 in Euro/USD. The crude market has held up very strong even as the debt ceiling crisis looms over the market here. WTI spreads in the front and back have been very strong with Z/Z crude oil rallying to over -290. The products including gasoline (RBOB) have been sold recently into this rally as the gas crack has come off $4 the last week. I will look for WTI to come off as the uncertainty around this market continues ahead of the debt decision. With gasoline faltering, and the big news ahead next week, I expect Crude to test the $97 mark as investors sell in front of the news.

Disclaimer: Past performance is not indicative of future results. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. The use of stop loss or contingent orders may not protect profits and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.