Bulls Getting Fired-up Over Gasoline
Wednesday, January 30, 2013 Gasoline Futures are leading the rally in the Oil complex, as lower refining rates coupled with higher Oil prices have sent nearby futures prices near the $3 per gallon level. Both large and small speculators have been adding to net-long positions in RBOB futures, with the most recent Commitment of Traders [...]
Wednesday, January 30, 2013
Gasoline Futures are leading the rally in the Oil complex, as lower refining rates coupled with higher Oil prices have sent nearby futures prices near the $3 per gallon level. Both large and small speculators have been adding to net-long positions in RBOB futures, with the most recent Commitment of Traders report showing a combined increase of over 2700 contracts the past week. With psychological resistance at 3.000 looming, and relative strength starting to become … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards