Video Alert and PDF: Learn from a Market Veteran (Free!)
Jim Prince, 25-year commodity market veteran, just posted a 3+ minute video about a recent move in the commodity markets. Watch it now, and he'll send you a free companion PDF and an email reminder every time he posts a new Daily Alert video.
See the markets Jim is watching each day
Get a free companion PDF that explains his "Cycle Trading" method
Learn how to identify chart formations that indicate potential breaking commodity markets
Watch Jim analyze actual charts in his videos, pointing out formations and signals
All you need to do to watch today's video and get the PDF is confirm here:
Nov WTI crude oil this morning is down sharply by -$2.01 a barrel (-2.22%) at a 17-month low and Nov gasoline is down -0.0503 (-2.05%) at a 3-3/4 year low. Nov crude and Nov gasoline prices on Wednesday settled mixed: CLX4 -0.43 (-0.47%), RBXX4 +0.0124 (+0.51%). Crude prices erased an early rally and closed lower after Saudi Arabia cut its November official selling prices to all areas, suggesting they won’t be cutting back on production. Bullish factors included (1) the unexpected -1.363 million bbl decline in weekly EIA crude inventories to an 8-month low of 356.6 million bbl versus expectations for a +1.5 million bbl build, and (2) the -1.84 million bbl drop in EIA gasoline inventories to a 22-month low of 208.5 million bbl versus expectations for a -600,000 bbl decline.