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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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Nov crude oil this morning is up +11 cents (+0.22%) and Nov gasoline is up +0.0048 (+0.34%). Friday's closes: CLX5 +0.34 (+0.28%), RBX5 +0.0063 (+0.45%). Nov crude oil and gasoline prices on Friday closed higher with Nov crude at a 2-1/2 month nearest-futures high. Crude oil prices found support from the fall in the dollar index to a 3-week low and from Russia's ongoing intervention in Syria's civil war, which could cause the war to spread and disrupt crude supplies.