Technical Analysis for Energy - NYC May 7-8, 2008 Course Description Technical analysis can add enormous value to trading strategies, but a lack of understanding can easily lead to adverse results. It is important that traders and risk managers be knowledgeable about the latest tools, techniques, and tactics for trading and hedging. This course explains the derivation, applications, strengths, weaknesses, and variations of the major technical indicators and techniques. Participants will gain an understanding of: A definition of technical analysis, how the tools and techniques work, and how they can be applied to the energy and metals industries A view of the main elements of technical analysis used for trading discipline, quantifying, and managing risk Coordinating technical and fundamental analysis Using trend lines, Japanese candlesticks, support and resistance, and retracement levels How to analyze and use volume and open interest The characteristics of the Elliot wave theory and Gann Calculating and using moving averages and MACD Using parabolics, stochastics, relative strength indicators, momentum, Bollinger bands, and other technical tools Combining indicators and approaches Hedging with technical analysis Speculating with technical analysis Eliminating downside risk without limiting upside potential Knowledge through real world trading and hedging examples using real time data with a market-to-market evaluation Exposure to the working of the Exchange from back office to experiencing trading on the floor of the largest energy market forum in the world Trading and hedging objectives will be discussed along with various strategies using the various technical analysis tools and techniques. This will allow each participant to develop his own trading and hedging strategies. Course Instructor Dominick Chirichella has more than 30 years of experience in commodity trading, risk management, education, consulting, and financial services, including managing marketing, international trading, manufacturing, consulting, start-up operations, and project finance operations for integrated major oil companies and international trading companies. Mr. Chirichella helped Texaco initiate its first use of futures exchanges as an integral part of its hedging and trading strategy. He was the chief operating officer at Triwell Marketing and Refining and led the Oil Price Information Service management-consulting and educational services group that focused on the downstream energy industry. He was a member of board of directors of Longview Refinery, and served on the New York Mercantile Exchange petroleum advisory committee. Mr. Chirichella has developed a series of courses covering all aspects of the energy industry from crude oil production to managing the impact of oil prices and price volatility on the margins of refiners, resellers, traders, marketers, retailers and end-users. He has instructed hundreds of professionals from all facets of the industry representing major oil companies, independent marketers, and industrial and commercial energy consumers.   Course Location New York Mercantile Exchange World Financial Center One North End Avenue New York, NY 10282-1101 Course Fee: $1,895 Request course syllabus and brochure. Register online for the course.

Energy Trading Fundamentals June 24-25, 2008

• The basics and fundamentals of energy trading
• The vocabulary of trading
• The what , why, how & who of trading
• The market participants
• Technical & fundamental analysis and trading techniques
• Market behavior
• System development & testing
• Advanced techniques
• Combining fundamental & technical analysis
• All about NYMEX
• Real time trading examples for all products in the energy infrastructure using the various technical tools & techniques
• Visit to the NYMEX to view first-hand real time trading as it occurs
• What the various energy trading instruments, tools & techniques are and what is encompassed in the profession of energy trading, how all of the tools & techniques work and how they can be applied to the development of a successful trading program
• All of the technical tools & techniques at your disposal to trade & manage the ongoing volatility and the price impact of the various energy markets
• A view of the main elements of technical analysis used for trading discipline, quantifying and managing risk, and coordinating with fundamental analysis
• How to combine indicators and approaches
• Trading with technical & fundamental analysis
• Mechanical trading system development:
  • Trend-following
  • Counter-trend
  • Combining non correlated trading systems

 

Technical Analysis for Energy August 14-15, 2008

Course Description

Technical analysis can add enormous value to trading strategies, but a lack of understanding can easily lead to adverse results. It is important that traders and risk managers be knowledgeable about the latest tools, techniques, and tactics for trading and hedging. This course explains the derivation, applications, strengths, weaknesses, and variations of the major technical indicators and techniques.

Participants will gain an understanding of:

• A definition of technical analysis, how the tools and techniques work, and how they can be applied to the energy and metals industries
• A view of the main elements of technical analysis used for trading discipline, quantifying, and managing risk
• Coordinating technical and fundamental analysis
• Using trend lines, Japanese candlesticks, support and resistance, and retracement levels
• How to analyze and use volume and open interest
• The characteristics of the Elliot wave theory and Gann
• Calculating and using moving averages and MACD
• Using parabolics, stochastics, relative strength indicators, momentum, Bollinger bands, and other technical tools
• Combining indicators and approaches
• Hedging with technical analysis
• Speculating with technical analysis
• Eliminating downside risk without limiting upside potential
• Knowledge through real world trading and hedging examples using real time data with a market-to-market evaluation
• Exposure to the working of the Exchange from back office to experiencing trading on the floor of the largest energy market forum in the world

 

Coal – Introduction to Trading and Hedging October 28-29, 2008

Course Description

The course is designed to help traders, hedgers, managers and support personnel in the coal industry gain a more detailed understanding of what all of the instruments, tools & techniques available for coal hedging & trading.

Successful coal trading & hedging can add an enormous value to a firm, a lack of understanding can easily lead to disastrous results. It is therefore, vital for participants to be knowledgeable about the latest tools, techniques and tactics available for.

You will leave this course with a solid and immediately useful understanding of:

• A thorough understanding of the fundamentals of the coal market
• A thorough understanding of the various mechanisms of physical and OTC instruments for use in trading & hedging
• The who, what, where & why to employ risk management in the coal sector
• How all of the tools & techniques work and how they can be applied to the development of a successful program
• Transportation techniques as applied to both trading & hedging coal

• Fundamentals of the International Coal sector
• The vocabulary of coal trading & hedging
• The what , why, how & who of coal
• Primary coal production locations and trends
• The important quality factors
• The market participants
• Coal supply & trading activities
• Market behavior
• Coal supply and trading activities
• Transportation considerations
• Coal futures contracts and hedging applications

 

Energy Risk Management November 18-19, 2008

Course Description

This two-day NYMEX Sponsored course will introduce the tools needed to manage energy price volatility and mitigate the impact on profit margins.

The course examines the factors that affect the price and volatility of the energy products markets and how those elements can be used to manage price, volatility, and, most importantly, margins. The course will discuss the relationships of:

• Market fundamentals
• Buying and selling
• Manufacturing and marketing
• Futures and options
• Over-the-counter swaps, options, and forwards
• Techniques to put all of these pieces together

• Basics and fundamentals of energy trading
• Vocabulary of trading
• The what , why, how & who of trading
• Market participants
• Technical and fundamental analysis and trading techniques
• Market behavior
• System development and testing
• Advanced techniques
• Combining fundamental and technical analysis
• An overview of the New York Mercantile Exchange
• Real-time trading examples for energy products using the various technical tools and techniques
• Visit to the Exchange to view trading first-hand
• The tools available to trade and manage the ongoing volatility and the price impact of energy markets
• A view of the main elements of technical analysis used for trading discipline, quantifying and managing risk, and coordinating with fundamental analysis
• Combining indicators and approaches
• Trading with technical and fundamental analysis
• Mechanical trading system development
• Trend-following