 | | 5 Hot Picks by Phil Flynn of Alaron |
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| Phil is Vice President, Energy and General Market Analyst with Alaron Futures and Options and is one of the world's leading energy market analysts. His market commentary, fundamental and technical analysis, and long-term forecasts are sought by industry executives, investors and media worldwide. |
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Crude Oil - Will OPEC have pumper's remorse? Oil has been on fire as supplies have been dropping week after week. Yet there are fears that the economy may slow. If it does so, also will the demand for oil and perhaps slow OPEC's money-making machine. OPEC has a big decision to make at their Tuesday meeting and whatever they do I think ultimately will be bullish for oil. Look to buy Oct Crude on a pull back to the 74 to low 75 ranges.
Heating Oil - Football season is in gear so winter cannot be to far away. Soon traders will stop worrying about the fact that gas supply is at a 2 year low and start to worry about the fact that distillate supply that includes heating oil 8.6% below a year ago. Heating oil is usually a good buy in late September but you may want to get an early start this year. Buy November Heating oil at 21350 with a 400 point stop. |
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Let's face it the Dow has held up relatively well after all the financial turmoil of the last few weeks. The charts have been choppy but I think that people might be too bearish. Look for a break to buy at 13000 stop 12950. |
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Wheat has been on a historic tear and it appears there are no signs of
stopping it! Yet usually as we get closer to harvest grain markets start to
pullback. Wheat should make a nice correction. Look to buy puts on wheat! I
would look at 800 puts on December.
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I wish I was in the land of cotton as good times in that market may not soon be forgotten. Acreage for cotton is falling and that means that there is a strong possibility that cotton prices will again rise. Cotton stocks are falling and may be almost half of what they were just a year ago. That means that there is a possibility that if anything goes wrong then cotton could be poised for a big move. Buy December cotton at 6000 with a stop at 5700. |
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Bonds have been a tear but are getting overbought. A way to play this is to perhaps buy some December 111 puts. If the market gets a boost of confidence we could see a sharp correction on bonds. |
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| | 5 Hot Picks by Sterling Smith of FuturesOne |
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| Sterling Smith is developer and publisher of the FuturesOne Power Index, and a 15-year market veteran. Registered as a CTA he is a noted Coffee, Sugar and Cocoa analyst. Sterling works with clients of all sizes to help improve their trading. |
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Looks like it could be getting a little top heavy for the short term, and an inability to take out last week high should produce a sell off back to maybe the 7200 level.
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TLive cattle failed at the highs last week, and again here we could see prices work their way back to the 97.00 level basis December. |
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Orange juice which has been in a very rough bear market for several months now looks oversold enough to attract some buyers, or at least some healthy short covering so I am looking for prices to firm up here. |
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The S&P 500 still does not look to be out of the woods yet, while I don't think anything too serious will happen this week, I am looking for the wild ride to continue and I am looking for further work on the downside. |
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The juggernaut was stronger again overnight and I am looking for continued work on the upside, but perhaps in a slightly calmer matter than last week.
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