Besides keeping track of the cash, OTC, and futures here are a few of the energy related stocks I keep track of..... INTEGRATED ENERGY BP RD XOM CVX COP MRO ENERGY SERVICES HAL SLB BHI SII BJS WFT PIPELINE EPD PAA KMI TPP DRILLERS RIG DO GSF NBL RDC CHEMICAL DOW DD HUN ROH LYO WLK INDEPENDENT APC APA BR D EOG ELECTRIC CPN RRI DYN CNP
Stop Moved NGF6 stops GTC moved up to 8.85 area. EDIT: Will update on a starting account size (every EOD) of $100,000 so position size/management can be watched. Good round number to use, I don't recommend trading the NG market with anything less than that amount. For CL maybe $15k-$20k acct size minimum.
EOD Summary: Starting Capital $100,000 B 1 NGF6 at 9.40 B 1 NGF6 at 9.09 Long 2 NGF6 at 9.245 average Intial Span (margin): $32,400 1/11/06 settlement: 9.238 Todays total commission: $14 total ($7 per half turn) EOD Acct Value MTM: $99,846 <FONT COLOR="DC143C">-$154</FONT> Stop at 8.65 (moved slightly downward).
ICE Sets New Volume Records in Energy Futures http://biz.yahoo.com/prnews/060112/clth027.html?.v=39 NYMEX Exchange Announces Accountability Levels, Position Limits for New Electricity Futures Contracts http://www.nymex.com/press_releas.aspx?id=pr20060106b
World pressure mounts on Iran over nuclear dispute http://news.yahoo.com/s/nm/20060112..._hSw60A;_ylu=X3oDMTBiMW04NW9mBHNlYwMlJVRPUCUl ...for those that might be living under a rock this is whats keeping the bid under oil....
I find the movement of oil in relation to this issue to be irrational -- to me anyway. It has no short term impact on oil as far as I can tell and is more geopolitical in nature than a commodity impact.
I don't want to see a close below the 8.90 area on the weekley. If so, will exit position.... Chart below:
EOD Summary: Long 2 NGF6 at 9.245 average 1/12/06 settlement: 8.943 EOD Acct Value MTM: $93,946 Stop at 8.55
It certainly has retraced quite a ways from that recent high. Just looking at the chart I'd say $8 and $7 look like support of some kind. What are the 100 and 200 MA's saying? Is there a seasonal component? The chart doesn't go back far enough to really eyeball it.