Monday, November 3, 2014

Unleaded Gasoline Strikes Fresh Four Year Low

Could we possibly see a "1" handle on the price of unleaded gasoline before the year is out?

I don't know but I can say that the chart shows a region of congestion between today's session low and the $1.80 level.

Wouldn't that be something?

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3 comments:

  1. 77November 3, 2014 at 1:46 PM

    most xlnt commentaries-charts Dan!

    gold mining is energy intensive as well.
    XAU a nice day up away from 10/24/08 low.

    Farmers harvest lots of corn --65% of the crop cut. Soybeans up to 83%.

    Winter #Wheat Planted: 90% v last wk 84% v 5yr avg 89%│Emerged: 77% v last wk 67% v 5yr avg 72%│G/E Condition: 59% unch v LW v LY 63%.

    soybeans and corn very low volume monday.

    cheers!

    ReplyDelete
    Replies
    1. MNovember 3, 2014 at 5:48 PM

      Gold mining is energy intensive but it does not get the same bid as the airlines when the prices go down. And it never will.

      Fundamentals don't matter in the gold market. Up or down.

      Delete
  2. DarkPurpleHazeNovember 3, 2014 at 1:53 PM

    I'm liking the lower prices at the pump in my area...about $3.45/gal. or so.

    ReplyDelete

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