Showing posts with label crude oil contract. Show all posts
Showing posts with label crude oil contract. Show all posts

Friday, June 19, 2009

Energy Prices Drop, With Gas Leading The Way


Benchmark crude for July delivery dropped $1.09 to $70.28 a barrel on Friday in light trading on the New York Mercantile Exchange as the contract was set to close Monday.

The August contract fell $1.18 to $70.73 a barrel.

The slump in crude came as gasoline markets showed the first signs this week that an extended rally in pump prices is nearing an end after 52 straight days of price increases.

Gasoline for July delivery fell 6.85 cents Friday to $1.9610 a gallon.

Crude prices have doubled their value in three months, hitting a high for the year of $73.23 a barrel last week.....Complete Story

Thursday, June 4, 2009

Alert: Trade Triangle Technology Signals Exit All Crude Oil Long Positions

ALERT: We have exited all long crude oil swing trade positions today.

Our “Trade Triangle” technology signaled an exit on all long crude oil positions today at 66.23 basis on the July contract.


Today’s Stock Market Club Trading Triangles



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