The Pipeline

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).
 
Quote from ssternlight:

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.
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I totally agree, but the energy markets and rationality usually don't go hand in hand.
 
Quote from JayS:

I don't want to see a close below the 8.90 area on the weekley. If so, will exit position....

Chart below:
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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.
 
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