The Commodity Research Bureau's TrendTrader is Long Crude Oil, Heating Oil and Natural Gas. Flat RBOB Gasoline.
Day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
Crude Oil
November crude oil prices this morning are up +79 cents a barrel and Nov gasoline is trading +1.45 cents a gallon. Nov crude oil prices yesterday rallied for the fourth straight day and closed up +$0.88 a barrel, although well off the best levels of the day. November gasoline closed up +3.28 cents a gallon. Nov crude oil posted a 1-1/2 month high and Nov gasoline posted a 3-week high. Bullish factors included (1) the slump in the dollar index to 14-month low, which increases demand for crude as a hedge against inflation, (2) OPEC's action to raise its 2010 global oil demand forecast by 700,000 bpd to 84.93 million bpd, citing recovering economic growth in emerging markets, and (3) the action by Goldman Sachs to reiterate their call for oil to reach $85 a barrel by year-end on "modest" improvements in global consumption in the fourth quarter. Bearish factors included (1) the unexpected decline in Oct German ZEW economic sentiment, which may keep European fuel demand cons trained as the economic recovery struggles to gain momentum, (2) the prediction from IHS Cambridge Energy Research Associates that oil demand in developed countries likely peaked in 2005 as demand for transportation fuel stopped rising due to vehicle ownership reaching "saturation" and enviromental rules that are increasing engine efficiency, and (3) an expected increase in crude oil and gasoline stockpiles in Wednesday's weekly DOE inventory report. Expectations for Wednesday's weekly DOE inventories are for a +1.0 million bbl build in crude stockpiles, a +1.5 million bbl rise in gasoline inventories, a -200,000 bbl drop in distillates, and the refinery capacity rate to be unchanged at 85.0%.
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The CRB "TrendTrader" is one of the oldest and most respected market letters in the industry since 1963.
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CALL Jay: 312 506 8709
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
About CRB
The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934. Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, TrendTrader and Futures Market Service newsletters.
About CRB TrendTrader
In 1963, the Commodity Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of "beating" the futures market. Yet, today, CRB's TrendTrader remains one of the oldest and most respected technical daily market letters.
TrendTrader system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as "stops" when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.
The system is for medium to long-term trading and is designed to maintain positions throughout minor and medium-term corrections. TrendTrader tracks over 90 markets, including foreign exchange (FX), stock indices, exchange traded funds (ETF), interest rates, metals, energies, grains, meats and foods & fibers.
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
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