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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.
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July WTI crude oil this morning is up +14 cents (+0.24%). July gasoline is down -0.0044 (-0.22%). Tuesday's closes: CLN5 -1.69 (-2.83%), RBN5 -0.0526 (-2.58%). Jul crude and gasoline sold-off sharply on Tuesday on the rally in the dollar index to a 1-month high and on expectations for the U.S. crude oil glut to persist as OPEC is expected to keep its production targets unchanged when the cartel meets on Jun 5.