Crude Oil broke out of the trading range and busted through the resistance of $76.00-$76.30 to trade higher. Now the market is above $78 as word hits that China signaled an end to currency peg. Last week was an odd week in that the market saw builds across the board in the energy inventory report, and yes, Crude rallied to new weekly highs. The next level is $80 here as the market opened up very strong on the Sunday night session. The WTI spreads are helping the market higher, trading on the high...

From Pitguru, traders can view weekly reviews on futures markets to have right decisions for their trading in futures. Today, I would like to share with you guys The Energies Pit Review for the week of May 3rd, 2010.
"Crude oil continues to rally along with RBOB based on the increasingly negative news coming out on the oil spill in the Gulf. This is major news here folks, and the problem is the end is still an unknown - make a sell-the-news reaction nearly impossible until the damage...