Big Money Forums  

Go Back   Big Money Forums > Big Money Investing - Markets, Real Estate and Trading > Stock Markets and Trading > General Stock Trading Discussion
Register FAQ Calendar Radio Search Today's Posts Mark Forums Read

Reply
Submit Tools Thread Tools Search this Thread Display Modes
  #1  
Unread 08-06-2010, 08:36 AM
gnutrade.satya gnutrade.satya is offline
Member
 
Join Date: Jan 2010
Posts: 184
Rep Power: 15
gnutrade.satya is on a distinguished road
Smile The oil market ended up the day on a negative note

The oil market ended up the day on a negative note as disappointing US jobless claims and retail sales data fed doubts about the energy demand outlook the day after a government inventory report showed rising fuel stockpiles.
Richard Ilczyszyn, senior market strategist at Lind-Waldock in Chicago said: "The weak dollar helped limit crude losses after the jobless claims report. We think crude should be supported above the September contract's 200-day moving average at $81.09 and trading will probably be cautious ahead of the nonfarm payrolls report."
A barrel of crude oil for September delivery settle down 46 cents to settle at $82.01.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Google
Forum Jump


All times are GMT -5. The time now is 02:33 AM.

Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.