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.
Mar WTI crude oil this morning is down -11 cents (-0.24%)and Mar gasoline is down -0.0047 (-0.35%). Mar crude oil and Mar gasoline on Monday closed lower with Mar crude at a 1-1/2 week low: CLH5 -0.44 (-0.97%), RBH5 -0.0282 (-2.05%). Bearish factors included (1) the action from Saudi Arabia's new ruler, King Salman Bin Abdulaziz Al Saud, to keep Ali al-Naimi in his post as Saudi oil minister, which signals that current Saudi oil policy will remain unchanged, and (2) speculation that a blizzard on the U.S. East Coast will undercut gasoline demand as roads close and people refrain from driving.