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Gasoline RBOB futures issue buy signal
Wednesday, February 08, 2012
by Larry Baer of Zaner
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Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources. Gasoline RBOB futures rallied today (2/08) along with crude oil and heating oil. This move higher for March Gasoline RBOB futures gives a fresh buy signal on the daily chart. This is the fourth buy signal the RBOB has issued on the daily chart since the trend changed to the upside at the end of December. So far this week gasoline RBOB is giving a buy signal on the weekly chart. The trend remains up on the monthly chart and gasoline RBOB developed a nice bull flag in 2011 and now seems to be breaking out to the upside. Gasoline RBOB's 50 and 100-period SMAs are all pointing up on the daily, weekly and monthly charts. Notably, crude oil recently has been declining while its by-products, such as gasoline RBOB and heating oil have been rallying. This indicates that while crude demand is not high, theU.S.has been exporting to meet a heavier than usual demand for energy products. Call me for trade set-ups at (312) 277-0112 Subscribe FREE to my daily charts and set-ups newsletter: http://www.zaner.com/3.0/lbaer.asp My intra-day commentary now available at: http://www.larrybaer.com/ To review what I consider a "buy signal" watch Larry Baer's Traditional Trending Strategy video. SEE CHART 
Call me for details and trade set-ups at (312) 277-0112 or toll free at 888-281-4161 or email: Lbaer@Zaner.com How to open an account with Zaner Group. Open an account with Larry Baer at Zaner Group. Subscribe FREE to my daily charts and set-ups newsletter: http://www.zaner.com/3.0/lbaer.asp My intra-day commentary now available at: http://www.larrybaer.com/ Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
Recent articles from this author
- Soybean futures issue a sell signal - Friday, May 18, 2012
- Cotton #2 futures show a fresh sell signal - Wednesday, May 16, 2012
- Live Cattle & Feeder Cattle futures give buy signals - Tuesday, May 15, 2012
- Metal complex tumbles, Gold futures generate a sell signal - Friday, May 11, 2012
- Wheat futures issue a sell signal - Wednesday, May 09, 2012
About the author
Welcome to my page! My name is Larry Baer and I am a senior broker with Zaner Group. I have been in the futures industry for thirty years and my prior experience includes a membership at the Chicago Board of Trade. During my ten years on the trading floor, I traded and managed a futures and options operation which serviced both retail and institutional clients. I am also the author of the Trader's Tool Box. While I have a strong respect for market fundamentals, I truly believe in the old adage, "the trend is your friend." And I have made the trend my best friend. I utilize a matrix of common technical indicators that when viewed together, generates a much stronger trading signal combined, than when viewed alone. The blend of this matrix with my own insights offers a complete technical picture of the markets. This is not a trading system, but a trading strategy which can assist or complement your own trading plan and style. If my three decades in the markets has taught me one thing, it's that the needs of traders vary as much as traders themselves. You may think you need full service when you don't, and often, vice-versa. Your trading style may be suited for tailored trading platform you are not aware of. My role is first, to help define your needs and to build a relationship from that point. Choosing the right broker is key to your trading goals. Here is what I offer my clients: - Trading Platform matching, training and backup.
- One-on-one consultation
- Risk-appropriate strategies which emphasize options on futures
- The Personal Touch: Guidance, assistance and customization of services
My client base ranges from full service to self-directed. Take a step in the right direction and contact me today, toll-free: 888-281-4161 or direct: 312-277-0112. You may also e-mail me at: Lbaer@zaner.com.
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