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 planning 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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Oct crude oil this morning is down -$1.22 a barrel (-2.69%) and Oct gasoline is down -0.0109 (-0.78%). Tuesday's closes: CLV5 -3.79 (-7.70%), RBV5 -0.1266 (-8.45%). Oct crude oil and gasoline on Tuesday closed sharply lower on global demand concerns after the China Aug manufacturing PMI fell to a 3-year low and the Aug U.S. ISM manufacturing index fell to a 2-1/4 year low. Crude oil prices were also undercut by expectations that Wednesday's weekly EIA data will show that crude inventories rose by +700,000 bbl.