Crude barely rose today above yesterday's close, moving up thirty cents. Distillate rose two and a quarter cents while gasoline increased a penny and a half. Street went up eight cents.
Interesting market talk as as some technical traders talked about distillate going to $2.16 in October, not out of the realm of possibilities only because of the coming cold weather. The double bottom analysis points to two $1.70 price points in the last couple of weeks.
The real news is three days of upward movement even if the last day's increase is barely a move.
No comments:
Post a Comment