It will take you just a short time to check for the energy market review, but will help you for the whole trading week. Let's see what Pitguru Daniel Cronin has analyzed for you!
The Energies Review
For the week of May 9th, 2011
Energies came off very hard last week, almost $18 in crude alone in three days as length got liquidated form the market as there were many sell stops below the $105 mark in the WTI. I think this is what the economy needed as gas prices were soaring above the $4.00 mark so a good sell off will potentially take some of the burden off of US consumers. I am looking for crude to try and regain form above $100 and I see this market testing $102 this week. The USD gained significant strength from $1.49 to $1.43 versus the Euro so look for this to get a bit of a pop as well with a weaker USD.
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This Week Energy Review: May 9th, 2011
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