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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Feb WTI crude oil this morning is down -5 cents (-0.09%) and Feb gasoline is up +0.0077 (+0.49%). Feb crude and Feb gasoline prices Friday closed higher. Closes: CLG5 +2.77 (+5.10%), RBG5 +0.0578 (+3.75%). Bullish factors included (1) the rally in the S&P 500 to a 1-1/2 week high, which bolsters optimism in the economic outlook and energy demand, and (2) comments from Saudi Oil Minister Ali Al-Naimi who said that oil markets are experiencing “temporary” instability and that a steady global economic expansion will resume and spur oil demand.