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.
Enter your e-mail below to view the latest Daily Alert and receive a complimentary PDF on Cycle Trading techniques to find the right conditions for entering the market.
Sep WTI crude oil this morning isup +$1.45 (+1.53%) and Sep gasoline is up +0.0217 (+0.81%). Sep crude and gasoline prices on Tuesday settled mixed with Sep crude falling to a 7-month low: CLU4 -1.93 (-2.00%), RBU4 +0.0503 (+1.89%). Bearish factors for crude prices included (1) the surge in the dollar index to an 11-month high, and (2) speculation that Wednesday's EIA data will show crude supplies at Cushing, OK, the delivery point for WTI futures, rose as the shutdown of the Coffeyville, Kansas refinery reduced demand for crude from Cushing. Gasoline prices gained on signs of economic strength after U.S. Jul housing starts rose to an 8-month high.