Stock Market Masters

Posts Tagged ‘crude oil’

After trading as high as $73 a barrel, crude oil began to buckle under pressure as the CFTC began to look into position limits that can be held by traders.

What’s happening now is giving speculation a bad name. Speculators form a very important task in assuming risk that is being transferred from either a producer or an end-user. Without this transfer of risk, which couldn’t take place without the speculator taking the other side of the trade, prices would be artificial at best. This approach has worked for hundreds of years and over a century here in the US.

Now back to crude oil…

In our new video you will see what has happened to crude oil in the first week of July. You will also see what I believe will be the area that crude oil will find support. When you look at the look at the Trade Triangles, you will see the the weekly and daily signals are negative. The only positive is the monthly signal.

Watch this video with my compliments and see where crude oil is projected to go..

Watch the video, How Low Can Crude Oil Go

Your feedback about this video is welcome!

Crude Oil and Energy Update

When you hear the news reporters talk about the price of crude oil in the marketplace, they’re generally talking about WTI, which is West Texas Intermediate crude oil. It’s a very light, sweet crude oil and the highest grade that’s out there. Crude oil is based on and priced on the amount of sulfur that’s in the oil. It makes it easier or harder to refine base on the amount of sulfur. WTI being the lightest and sweetest, is the highest priced crude oil in the marketplace.

WTI is a benchmark delivered in Cushing, Oklahoma.

In benchmarks for crude oil and global pricing of crude oil, WTI probably prices about 50% of the global pricing of crude oil. Brent being basically the other pricing benchmark. There’s two out there, Brent being a little of a mixture of three different grades of crude oil; BF&O, Brent 40 and Ossenberg. They’re all produced in the North Sea.

Please visit INO TV FREE to stream live the rest of the complimentary article from Joseph Ria. You will also get exclusive access to three more video seminars and articles!