From the August 01, 2012 issue of Futures Magazine • Subscribe!
Oil selling pressure brings $88 target into play
Crude oil has had some consistent selling over the past few sessions, and is down again today to $93.12. We have our key pivot/decision level at $96.
Jobless claims in U.S. dropped more than forecast last week
Fewer Americans than projected filed applications for unemployment benefits last week, a sign that the job market is sustaining recent gains.
Will the Fed pull the plug on this rally?
With most of the Fed members still in Bernanke’s corner and the pattern of dip buying this year, many traders may look at this sell-off as an opportunity to buy into this market. What is the most effective way they can do so?
A financial crisis is almost certainly in the cards for Japan, and it is just a question of timing. Unfortunately, the government may have fast forwarded that date.