The Energies Review
For the week of November 28, 2011
By Daniel Cronin
With all of the negative news and conditions around the globe, I think it would be odd to see a rally in the equity market after it has fallen for seven straight days, right? Well, that's exactly what is happening here with the rally of more than 30 points in the S&P and crude trying to touch $100 on the Sunday night session. $95 held for great support in the markets and right now the test of the highs is on its way. Look for crude to trade up to $102 this week.
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.