Energy Markets Back To Following Currencies and Equities

On August 31, 2012 by TradingDesk

Now that Isaac has weakened – and Atlantic storms Leslie and Kirk are forecast to pose no threat to land – the energy market is back to following currency and equity markets. With the US Dollar index hitting a 3 month low and stock futures up nearly 1% in anticipation of Ben Bernanke’s speech today, crude oil is up more than a dollar and dragging refined products along for the ride. Charts continue to favor higher prices in the near term.

CLICK HERE for a PDF of this morning’s charts

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