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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Jan WTI crude oil this morning is up +$1.26 a barrel (+1.66%) at a 1-week high and Jan gasoline is up +0.0434 (+2.15%) at a 1-week high. Jan crude and Dec gasoline on Thursday closed higher. Closes: CLF5 +1.35 (+1.81%), RBF5 +0.0055 (+0.27%). Bullish factors included (1) a weaker dollar, and (2) strength in the U.S. economy after U.S. Oct existing home sales unexpectedly rose to a 13-month high and the Nov Philadelphia Fed manufacturing index unexpectedly surged to its fastest pace of expansion in 20-3/4 years.