So what's really going on with the crude oil price?
After trading as high as $73 a barrel, the crude oil price fell as the CFTC began to look into position limits that can be held by traders.
With speculators being forced out of the market, the crude oil price continues to fall. Clearly speculators play an important role when they assume risk by taking the other side of the trade. Speculators have played an important role in our markets over the last 100 years here in the U.S. The CFTC may find that the elimination of speculators in any market is not a good thing. Until then, the downward pressure on the price of crude oil continues.
In my new video you will see what has happened to the crude oil price in the last eight days. You'll will also see what I believe will be the area that crude oil will find support.
I hope you enjoy this floor traders look into the crude oil market. Leave any comments you might have below. Thank you and happy improved trading.
Lance Jepsen President, GuerillaStockTrading.com Your Trading Coach (because everyone, even Tiger Woods, needs a coach)
So what's really going on with the crude oil price?
After trading as high as $73 a barrel, the crude oil price fell as the CFTC began to look into position limits that can be held by traders.
With speculators being forced out of the market, the crude oil price continues to fall. Clearly speculators play an important role when they assume risk by taking the other side of the trade. Speculators have played an important role in our markets over the last 100 years here in the U.S. The CFTC may find that the elimination of speculators in any market is not a good thing. Until then, the downward pressure on the price of crude oil continues.
In my new video you will see what has happened to the crude oil price in the last eight days. You'll will also see what I believe will be the area that crude oil will find support.
I hope you enjoy this floor traders look into the crude oil market. Leave any comments you might have below. Thank you and happy improved trading.
Lance Jepsen President, GuerillaStockTrading.com Your Trading Coach (because everyone, even Tiger Woods, needs a coach)
So what's really going on with the crude oil price?
After trading as high as $73 a barrel, the crude oil price fell as the CFTC began to look into position limits that can be held by traders.
With speculators being forced out of the market, the crude oil price continues to fall. Clearly speculators play an important role when they assume risk by taking the other side of the trade. Speculators have played an important role in our markets over the last 100 years here in the U.S. The CFTC may find that the elimination of speculators in any market is not a good thing. Until then, the downward pressure on the price of crude oil continues.
In my new video you will see what has happened to the crude oil price in the last eight days. You'll will also see what I believe will be the area that crude oil will find support.
I hope you enjoy this floor traders look into the crude oil market. Leave any comments you might have below. Thank you and happy improved trading.
Lance Jepsen President, GuerillaStockTrading.com Your Trading Coach (because everyone, even Tiger Woods, needs a coach)
Copyright 2009-2011 GuerillaStockTrading.com All rights reserved. No part or article on this website may be copied or duplicated without written consent from GuerillaStockTrading.com and Confab Publishing. Disclaimer: This Web site is designed to provide accurate and authoritative information on the subject of personal finances. It is provided with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, or other professional services by providing this Web site. The authors and publisher shall not be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential or other damages. As each individual situation is unique, questions relevant to personal finances and specific to the individual should be addressed to an appropriate professional to ensure that the situation has been carefully and appropriately evaluated. This blog is for information and entertainment purposes only. Under no circumstances does this information represent a recommendation to buy or sell securities or any other type of investment instruments. See a licensed broker for investment advice.
I hope you enjoy this floor traders look into the crude oil market. Leave any comments you might have below. Thank you and happy improved trading.
Guerilla Stock Trading University