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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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May WTI crude oil this morning is down -39 cents (-0.69%). May gasoline is down -0.0093 (-0.48%). Thursday's closes: CLK5 +0.32 (+0.57%), RBK5 +0.0015 (+0.08%). May crude oil and gasoline prices continued higher with May crude posting a 3-1/2 month high and May gasoline posting a 1-1/2 month high. Crude oil rallied on continued hopes that U.S. oil production will stop rising and on concern about the crisis in Yemen after Al-Qaeda militants seized Yemen's al-Rain international airport. Crude oil was undercut early by news that Saudi Arabia in March boosted its oil production by +658,600 bpd to 10.294 million bpd.