Trading in Futures : Energy and Metal Reviews

Gold and Oil markets are among the most concerned futures market in the current times when there are some political issues make the global economy change. For the need, today we will have a look around the energy and metal markets through futures expert's analysis.

First of all, we will deal with the matter around energy market. Most of us may know about the issue happening in Libya, right? This leads to strong changes on this market. Actually, the energy sector had a very bumpy ride as tension in this country mounted a full on rally to help blast crude above $100 in the earlier part of the week to above $103. However, note that the market has since seen a pullback to $95 with another rally to start the week to $99.90! WTI spreads have rallied on the back of this news with Z11//Z12 at one point above $4.00. The last thing we should pay attention on energy market this week is let's look for a buying opportunity in flatprice around $95 again as prices are likely to be very volatile until the tension ceases.

Turn to the metals market, we also have some short information to care. Like energies, precious metals also had a similar week as prices were very volatile, Silver has been reaching over $35 an ounce in the early part of the week while Gold has yet to break the $1,430 quadruple top now. This has tested this level several times now without breaking. According to Daniel Cronin, he believes this will still be great resistance for gold price so keep watching that $1430 level. If the yellow metal gets above $1435, a very sharp breakout to the upside is likely to occur. So, put your eyes on the market and don't miss any news that affects on your work! I hope you will have a great trading week valuable for what you have worked hard.