The Commodity Research Bureau's TrendTrader is Long Crude Oil, Heating Oil, RBOB Gasoline and Short Natural Gas.
Day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
Crude OilDecember crude oil prices this morning are trading down -43 ents a barrel and Dec gasoline is trading -1.42 cents a gallon. Dec crude yesterday rallied to a 1-week high and closed higher by +$0.80 a barrel. Dec gasoline yesterday closed up +1.23 cents a gallon. Bullish factors yesterday included (1) the slump in the dollar index to a 1-week low, (2) the unexpected decline in weekly crude oil inventories (-3.94 million bbl versus expectations of a +1.5 million bbl increase), (3) the unexpected decline in weekly gasoline inventories (-287,000 bbl versus expectations of a +400,000 bbl gain), (4) the unexpected decline in the refinery capacity rate which fell to its lowest level in 7 months (-1.2 to 80.6% versus expectations of +0.1 to 81.9%) and also signal further production cuts in gasoline and distillate products in the weeks ahead as refiners cut production, and (5) the World Bank's hike in its 2009 economic growth forecast for China to 8.4% from an earlier estimate of 7. 2%, which may indicate increased energy demand and consumption. Bearish factors yesterday included (1) the prediction from Strategic Energy & Economic Research that the drop in crude oil inventories was due to slack demand from refiners who "don't want to have excess supplies of crude on hand," and not from an increase in demand, and (2) comments from Libya's top oil official who said that OPEC may keep production quotas unchanged when it meets next month as "there are no signs demand is getting stronger."
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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
