Futures Traders: Get FREE daily videos covering today's hottest market
Twenty-five-year commodity market veteran Jim Prince is an expert in the principles of technical trading. Each day Jim reviews the biggest moves in the commodity markets, identifying formations and planking trading strategies. And now, in his free Daily Alert, Jim will share with you his hot pick of the day with an exclusive 3-5 minute video.
With each Daily Alert video Jim reviews first-hand his featured chart of the day, discusses trading strategy, and highlights possible entry and exit points.
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Nov WTI crude oil this morning is down -4 cents (-0.04%) and Nov gasoline is up +0.0030 (+0.12%). Nov crude and gasoline prices on Monday closed higher with Nov crude at a 3-week high: CLX4 +1.03 (+1.10%), RBXX4 +0.0261 (+1.05%). Bullish factors included (1) the weaker dollar, and (2) gasoline supply concerns as Irving Oil’s 146,000 bpd St. John, New Brunswick, refinery remains closed for unplanned repairs and as Bloomberg data shows refineries in Texas remain off line for maintenance or unplanned repairs at the highest rate in 3 years.