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Alaron Energy CommentCHICAGO - Mar 3/08 - SNS -- Following is the energy futures comment from Alaron Trading Corp.
Is OPEC feeling a little guilty maybe? Over the weekend this greedy cartel has been showing signs that maybe deep down inside they are human and may actually have a conscience. Not much of a conscience but a conscience nonetheless. While I wouldn't bet the cartel has had some type of conversion over the weekend but there are signs that maybe, just maybe, they are starting to realize the folly of cutting oil production into a slowing economy thereby raising the price of oil and perhaps driving the world economy into a recession.
Can OPEC save the world economy from a major meltdown? With inflation rising and a week of rising economic uncertainty, OPEC could send a positive sign to the markets by assuring us that they will keep the world's economies in their thought process. It is so much easier to be noble with oil trading over $100 a barrel. And though OPEC may not cut production, we do not look for them to step up production either.
Check me out on the new Fox Business News! And sign up for your free trial of alaronenergies and open your trading account with me today by calling me at 800-935-6487 and ask for Phil Flynn.
We're long April crude from apprx 10000 - stop 9800.
Buy April RBOB at 25900 - stop 25600.
Buy April Heating oil at 27500 - stop 26900.
We're long April natural gas from apprx 9000 - raise stop to 910.
Have a GREAT day! 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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