The Commodity Research Bureau's TrendTrader is Long Crude Oil, Heating Oil, RBOB Gasoline and Flat Natural Gas.
Day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
Crude Oil
December crude oil prices this morning are trading up +51 cents a barrel and Dec gasoline is trading +2.23 cents a gallon. Dec crude oil prices yesterday moved lower for the third straight session and closed down -$1.82 a barrel. Dec gasoline yesterday closed down -1.47 cents. Bearish factors yesterday included (1) the rebound in the dollar index to a 1-1/2 week high, (2) the sell-off in equity prices, which dampened the optimism about an economic rebound, (3) comments from OPEC President Botelho de Vasconcelos who said that OPEC may increase production at their next meeting in December as oil has risen above $75 a barrel, a price deemed fair by producers, and (4) the comment by Nigeria's main rebel group that it has started an "indefinite cease fire" as it negotiates with the Nigerian government for a redistribution of the country's oil wealth to residents of the Niger River delta, which accounts for almost all of Nigeria's oil and gas. Bullish factors included (1) the prediction by the United Arab Emirates Oil Minister that global oil demand may rise by 700,000 bpd next year on "speculation" and on "signs of recovery" in the global economy, and (2) Goldman Sachs' reiteration that crude oil will reach $85 a barrel by year-end on "robust" demand for diesel in China and that crude oil prices will average $110 a barrel in 2010 because oil fundamentals are headed in the "right direction" even as demand in the US slows.
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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
