The Wild Card Crude Oil 23 Sep 2009
Wednesday, 23 Sep 2009
U.S. Interest Rates on Tap
Following two relatively peaceful trading days, today is filled with news publications from the major economies. Starting at 06:45 and until 09:00 (GMT) traders are advised to follow the news events from the Euro-Zone. Later on, the Crude Oil Inventories will be published at 14:30 (GMT). This indicator tends to have an instant impact on Crude Oil prices, and traders should use it with their trading. Finally, at 18:15 (GMT), the Federal Reserve will announce the U.S Interest Rates for September. This promises to create hefty volatility in the market, which should provide various opportunities for traders to enlarge profits.
The Wild Card
The high volatility of Crude Oil continues, as yesterday a barrel of Oil was traded for over $71.50 ... read more.