Jump to navigation

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
Follow Futures          
       
more >>

We Asked Traders

Top things I learned about life while day trading millions

Sponsored Content

Trading

Equities.com launches unlimited trading via Tradier Brokerage, Transforming into a news & fintech portal

Featured Topics

more Commodities>>

Commodities

A Saudi-Iran oil war could break up OPEC
Advertisement
more Volatility>>

Volatility

Implied vs. Realized Volatility & the VIX
more Financials>>

Financials

Making drones work for you
more Financials>>

Financials

Perspective: S&P 500 short side off highs

Advertisement

Natural gas climbs as fear premium added

By Anthony Lazzara

January 23, 2013 • Reprints

Although Google and IBM both released very positive earnings reports last night, the U.S. equity markets still remain somewhat subdued as the House of Representatives will vote today on legislation suspending the government’s $16.4 trillion debt limit until May 19. The MAR13 E-mini S&P 500 is simply hanging out near its recent highs of just above 1490. 1500 is just one good move away, and we believe there will be a relief rally to 1500 if the debt ceiling limit gets raised. The positive overall tone of corporate earnings this season has contributed a lot to the January rally.

The euro currency also has seemed very strong this month, rallying to the key resistance level of 1.34. We see 1.35 as the next key technical resistance level on the charts, and we also see a potential bullish “reverse head and shoulders” pattern, with a potential upside target all the way at the 1.42-43 area. The markets wait for no one. This analysis may surprise a lot of people, but divergent viewpoints sometimes make for the most interesting action. Nevertheless, our next key level to watch for the euro is 1.35.

In the commodities world, we view sugar as being in a very bearish pattern. Sugar has now been holding below the key level of $.19, and is trading today at $.1821. We would not be surprised at all to see sugar slide down to its key support level at $.15 this year. Strong production and export data from Brazil has dampened sentiment on the sweetener.

We focus more on Natural Gas futures today. Natural gas has bounced very hard off the key $3.10 level, and has been climbing rapidly in the month of January, probably supported by the fear premium induced by the plant takeover in Algeria. We believe the tone of natural gas futures is now bullish, and would not be surprised to see a continued rally to the key level of $3.75. Our two major support points are $3.49 and $3.35.

Click to enlarge.

About the Author

Anthony Lazzara, CEO of Newport Beach, Calif., commodities investment firm Lido Isle Advisors, spent 10 years as a trader and floor broker at the Chicago Board of Trade and Chicago Mercantile Exchange. Anthony has significant experience in the energy, fixed income, and equity futures markets. After being a long-time independent futures trader, Anthony saw a tremendous opportunity to educate investors on how to invest in professional traders. Anthony is now focused on his duty as CEO of Lido Isle Advisors.

Related Articles
A Saudi-Iran oil war could break up OPEC
Did crude oil make its 2018 low?
Energy demand steps back in play
Crude shoulder season blues
Crude corrects on production pop, but demand side is looming
Previous
S&P may be ready for pullback after positive earnings
Next
Exports to recover in U.S. as global growth firms
Related Terms
commodities 3439Energies 2981forex 2901Euro 2739natural gas 1606fx 1080Softs 616Natural gas 421Sugar 385Google 274House of Representatives 162IBM 153natural gas futures 58

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
images