Nymex Crude October trades at 10 month high

2009 August 24

by Bhaskar

Nymex Crude October trades at 10 month high; Crude was up 6.2% last week on stronger Euro, firm equity markets, sharp weekly decline in US inventories
Nymex Crude October trades at 10 month high. Crude was up 6.2% last week on stronger Euro, firm equity markets, sharp weekly decline in US inventories. CFTC shows 16% decline in net long positions. CFTC expected to introduce stricter position limits for non physical investors in commodities. Tighter regulations may take edge off prices.

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DISCLAIMER : Stock trading involves high risk and one can lose Substantial amount of money.The recommendations made herein Do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will Not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only.

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Nymex Crude October trades at 10 month high

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