Indices and Crude Oil Futures

Discussion in 'Commodity Futures' started by Mike805, Jun 25, 2005.

  1. Crude futures appear to be making new highs towards 60/barrel. Nas is technically setting up for a nice downtrend (already started IMO).

    A few questions:

    What stocks (I don't trade futures) track the NYMEX crude?

    What sectors (I'm thinking transports) get hit hardest with rising oil? Anyone want to throw out some symbols?

    Since I focus on the nas, what nas stocks respond poorly to higher oil? I've usually seen techs trade lower in the past so I usually stick with those. Any ideas?

    Thanks in advance,

  2. cmk


    I think your best bet for oil are the drillers.
  3. Ebo


  4. Chagi


    I agree on this one, I think we'll see the Nas trend downwards until about mid-August.
  5. wonder if hurricane Dennis will affect crude futures prices in anyway seeing that 35% of US oil comes from the gulf????

    guess I will know soon enough