Tuesday, September 10, 2013
09 10 13 Crude Oil Morning Prep; SchoolOfTrade Trader s Audio
No major news on the schedule today, which means all eyes and ears are on Syria. with the new proposal from Russia and the news from OPEC overnight we are looking to sell short with a target at 104.21 later in the session today. remember, tonight we have the API Inventories @ 430pm EST
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The ethanol situation is a moving target that bears watching says Shawn Bartholomae, CEO of Prodigy Oil and Gas Company in Irving, Texas. The financial impact on US citizens has not all been good, with the price of corn dramatically driving up the cost of beef, cereals, etc. The battle goes on as engine manufacturers say damage will be done to cars at higher level of ethanol mixed in with gasoline. Now it is even beginning to be a State vs. Federal legal battle. Where will it all end?
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