The CRB TrendTrader report is Short Crude Oil - see full report below.
Notice the open position profit based on 1 contract!
Day traders work for the markets - Trend Trader's let the markets work for them, remember 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.
TrendTrader tracks over 79 markets, including foreign exchange (FX), stock indices, interest rates, metals, energies, grains, meats, foods & fibers and exchange traded funds (ETF).
For more details and discount subscriptions call or email Jay directly: 312 506 8709. j.brown@crbtrader.com
Crude Oil
October crude oil prices this morning are trading up +64 cents a barrel and October gasoline is +1.71 cents per gallon. Oct crude oil prices yesterday tumbled after mid-morning and closed down -$2.78 a barrel. Oct gasoline closed lower by -5.04 cents per gallon. Bearish factors included (1) the larger-than-expected decline in the Aug Chicago purchasing managers index which fell to its lowest level in 9 months and signals the economic recovery and energy demand may be cooling, and (2) the outlook for weekly US crude supplies to increase when the DOE releases its inventory report on Wed. Bullish factors included (1) the weaker dollar, (2) the better-than-expected Aug US consumer confidence, (3) the larger-than-expected increase in home prices in the Jun S&P Case-Shiller home price index, and (4) the prediction from DnB Nor ASA that crude oil prices will be supported at $70 a barrel for another year as the cost of oil production in deeper water rises and fears of a double-di p recession ease. Expectations for Wednesday's weekly DOE inventory report are for crude oil stockpiles to rise +1.3 million bbl, gasoline supplies to fall -375,000 bbl, distillate inventories to gain 1.1 million bbl and the refinery capacity rate to remain unchanged at 87.7%.
Click Here To Order $99 - 3 Month Subscription or Copy & Paste URL - https://secure.barchart.com/crb/orderform_sa.asp?orderid=tt3mo&ref=jayTHESE RESULTS ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THESE BEING SHOWN.
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 Trend Trader
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.
For more details and discount subscriptions call or email Jay directly: 312 506 8709. j.brown@crbtrader.com
