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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 planning 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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Jan crude oil this morning is down -59 cents (-1.38%) and Jan gasoline is down -0.0280 (-2.06%). Tuesday's closes: CLF6 +0.90 (+2.16%), RBF6 +0.0619 (+4.81%). Jan crude oil and gasoline on Tuesday closed higher with Jan crude at a 1-week high and Jan gasoline at a 1-1/2 week high. Crude oil prices received a boost from the weaker dollar and from Turkey's action in shooting down a Russian warplane near its border with Syria, which bolsters concern the conflict may spread and threaten crude shipments from the Middle East.