The CRB TrendTrader report is Long Crude Oil, Heating Oil, RBOB Gasoline and Short Natural Gas.

See full position report below.

Remember - day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!

The CRB Futures Market Service is one of the oldest and most respected market letters in the industry since 1934.

Crude Oil

April crude oil prices this morning are down -55 cents and Apr gasoline is -0.75 of a cent.  Apr crude oil last Friday erased an early rally and finished down -$0.87 per barrel.  Apr gasoline closed down -1.70 cents per gallon.  Apr crude climbed to a 2-month high before it sold off and closed lower.  Bearish factors included (1) the unexpected -1.1 point decline in Mar US University of Michigan consumer confidence, which questions the sustainability of the economic recovery and energy demand, (2) the IEA report that said OPEC's compliance with its production cuts fell to 56% in Feb from 58% in Jan as cartel members continued to overproduce from their allotted quotas, and (3) long-liquidation after crude oil prices surged over $6.00 a barrel (+7.9%) in the past two weeks.  Bullish factors included (1) the slump in the dollar index to a 3-week low, (2) the unexpected increase in Feb US retail sales, which bolsters the outlook for the economy and energy demand, and (3) the acti on by the IEA to hike its global crude oil demand forecast for this year by 70,000 bpd to 86.6 million bpd, citing larger-than-expected fuel consumption in Asia. 

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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 79 markets, including foreign exchange (FX), stock indices, interest rates, metals, energies, grains, meats, foods & fibers and exchange traded funds (ETF).