A Wild Week of Trading

On September 21, 2012 by TradingDesk

A wild week of trading appears ready to end in style, with RBOB futures already up more than a nickel on the day, and up 15 cents from Wednesday’s lows. HO is “only” up a dime from its weekly lows after a 25 cent tumble.

Looking ahead, energy values have moved into neutral territory setting up trading ranges between $3.00 and $3.25 for HO, and $2.80 and $3.05 for RBOB, with little direction pegged by technical studies. Fundamentally the market remains mixed as well, as economic weakness continues to face off with Middle East tensions for control of the market.

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