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.
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Oct WTI crude oil this morning is down -7 cents (-0.08%) and Oct gasoline is down -0.0160 (-0.61%). Oct crude and gasoline prices on Friday settled mixed: CLV4 -0.66 (-0.71%), RBV4 +0.0385 (+1.50%). Crude prices closed lower after the dollar index rallied to a fresh 4-year high, which is negative for most commodities priced in dollars. Meanwhile, gasoline closed higher after the S&P 500 rose to an all-time high, which bolstered optimism in the economic outlook and for fuel demand.