Not much, but with the short review on the energy market this week, [B]Pitguru Daniel Cronin[/B] brought the most notable information to traders in the energy trading floor.
[B]The Energies Review[/B]
For the week of March 28th, 2011
Crude Oil had a very dull week as traders were watching the headlines waiting patiently for any news to move the flatprice in either direction but to no avail as May Crude stayed around $105. I believe this week there will be a liquidation in the flatprice as the oil price has at least $5 of premium in it right now and many traders and analysts will likely start to get impatient and sell off positions here. I will look to get into OTM Puts as I believe the price of Oil could get back to $100, if not lower. Natural Gas had a very good week rallying above to $4.50 in the May contract and I believe prices can be held up with potential support around $4.30.