Zacks' Voice of the People highlights opportunities with United States Gasoline, United States Oil, iPath S&P GSCI Crude Oil ..
20 Março 2012 - 5:30AM
Zacks
For Immediate Release
Chicago, IL – 03/20/2012 – Zacks highlights commentary from
People and Picks Trader
“inthemoneystocks”.
For more Voice of the People, visit
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Featured Post
Gasoline Prices Remain the Hottest Asset
Class
Since late December 2011, the major stock indexes have surged
sharply higher. While the stock market rallies and inflates higher,
oil and gasoline have also been in rally mode. This morning, the
United States Gasoline Fund ( UGA) is trading
lower by 0.15 cents to $57.59 a share.
The price of gasoline is now being watched by many investors as
something that could disrupt the current stock market rally. The
average price of gasoline in the United States is now $3.84 a
gallon for regular unleaded. Unfortunately, the average price of
gasoline in California is $4.48 a gallon. Short term day traders
should watch for intra-day support on the UGA around $57.40, and
$57.00 levels.
Oil prices continue to hold steady as the current price of light
sweet crude is higher this morning by 0.49 cents to $107.56 a
barrel. Traders that would like to play the action in crude can
trade the United States Oil Fund ( USO), and the
iPath S&P GSCI Crude Oil Total Return ( OIL).
Both of these trading vehicles are holding up very well on the
daily charts at this time.
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