Wednesday, April 25, 2012

Crude Oil Bulls and Bears Move into a Level Playing Field For Thusrday

June crude oil closed up $0.57 a barrel at $104.11 today. Prices closed nearer the session high today. Bulls and bears are on a level near term technical playing field amid choppy trading.

June natural gas closed up 12.5 cents at $2.188 today. Prices closed near the session high and hit a fresh two week high today. Short covering in a bear market was featured. The bears still have the overall near term technical advantage. There are still no early clues to suggest a market low is close at hand.

The June U.S. dollar index closed down 18 points at 79.14 today. Prices closed nearer the session low today and hit another fresh three week low. Bears have gained the slight near term technical advantage.

Just click here for your FREE trend analysis of FCG, the Natural Gas ETF

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