Tag Archives: OIL PRICES
Black Gold: From the Trading Pits
Crude Oil: This week we closed up $2.75 at $72.04. We have a Sell Signal as of now. The market has not been able to take out $75. Until it can take out $75, we should maintain a negative view on the market. It should have advanced to new highs in the upper $70’s, or low the $80’s, but it failed to do that. Upside momentum ran 26 weeks but has now turned negative and this bull market look to be over Continue reading
Market and Diesel Fuel Hedging Discussion
Considering the Crack Spreads, the best place to Hedge is in the Crude Oil. Continue reading →