CBOT = Chicago Board of Trade , COMEX = Commodity Exchange Inc (NY) , CME = Chicago Mercantile Exchange , CSCE = New York Coffee, Sugar & CoCoa Exchange , IMM = International Monetary Market (CME Division ) , NYCE = New York Cotton Exchange , NYFE = New York Mercantile Exchange , NYBOT = New York Board of TradeJanuary = F , February = G , March = H , April = J , May = K , June = M , July = N , August = Q , September = U , October = V , November = X , December = Z

 

TRADE ALERT for CRUDE OIL.

Crude oil and commodities prices rallied sharply, but remain in a secondary correction. Brent crude breakout above $67/barrel would indicate that the correction is weakening, while respect of resistance would signal another down-swing. The primary trend remains upward — assisting precious metal prices as inflation fears rise.
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