Trade ideas, analysis and low risk set ups for commodities, Bitcoin, gold, silver, coffee, the indexes, options and your retirement. We'll help you keep your emotions out of your trading.
Monday, July 6, 2009
Oil Falls to Five Week Low, Gasoline Drops on Economic Concern
Crude oil fell to a five week low and gasoline declined on growing concern that the global economic recovery will falter, curbing fuel consumption. Oil dropped for a fourth day, the longest losing streak since February, as U.S., European and Asian stock markets declined. The dollar advanced against the euro, curbing the appeal of commodities to investors looking for an inflation hedge. Oil in New York is down 13 percent from an eight month high of $73.38 touched on June 30.....Complete Story
Labels:
Asian,
commodities,
Crude Oil,
Dollar,
European,
Stochastics
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment