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Alaron Energy CommentCHICAGO - Feb 14/08 - SNS -- Following is the energy futures comment from Alaron Trading Corp.
The Energy Report Thursday February 14, 2008 The bulls have heart. Oil prices drove higher as a bearish EIA report failed to live up to the whisper number expectation. Yes it was about the EIA numbers but it was also about the better than expected Retail Sales numbers sent the bulls a soaring. Love was in the air and the bulls were feeling it and Cupid shot an arrow right through the bull's hearts. Gasoline supplies hit the highest level since 1999 which was the year that oil prices were near $10 a barrel. That's a lot of gas. The Bulls got support from concerns about Iran's nuclear program and cold weather! What ever happened to global warming? OPEC warning about a production cut. Also favors the bulls! Funds are coming in going commodity crazy! And people are getting bull crazy again on oil. The Charts failed on a major breakdown opportunity sting to see how high the bulls can take it in the face of bearish fundamentals. We still think a failure is coming! Buy Puts and put on bearish option strategies! Short report today! Have a happy Valentines Day! Get your sweetie what she really wants and that is a free trial to Alaronenergies! How Romantic! Nothing says I love you like trading oil! Call me today at 800-935-6487 or email me at pflynn@alaron.com! Also check me out on the Fox Business Network and Sky News! Short March Crude 9350 stopped 9450 Sell March Crude 9600 stop 9700 Short March RBOB from apprx 24000 stop 24500 March Sell March heating oil at 270 stop 280 Sell March natural gas 880 stop 903
Phil Flynn Alaron Research Team 800.563.9510 pflynn@alaron.com DISCLAIMER: Futures and options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more then their original investment. In no event should the content of this website be construed as an express of an implied promise, guarantee or implication by of from the author(s) that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Alaron Trading Corp. its officers, directors, employees and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Information on this page is derived from third parties and is deemed to be reliable. STAT Communications Ltd. accepts no responsibility for errors, omissions or inaccuracies in any of the material presented on this web site. Opinions expressed on this web site are those of the respective individuals and/or institutions and do not represent the opinions of STAT Communications Ltd. and/or STAT Publishing or its staff and/or management.
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