Tuesday, December 15, 2009

Gasoline Set to Fall to $1.60 a Gallon: Technical Analysis

(Bloomberg) -- Gasoline is poised for a slide to $1.601 a gallon in January, a price that will likely be the 2010 low, according to a technical analysis by T&K Futures & Options. Futures for January delivery on the New York Mercantile Exchange slipped below key support levels on Dec. 9, breaking through the 100-day and 60-day moving averages, according to Michael Smith, president of T&K in Port Saint Lucie, Florida.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aihksVjKg09w

No comments:

Post a Comment

Kalender Ekonomi & Event


Live Economic Calendar Powered by Forexpros - The Leading Financial Portal