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Saturday, May 31, 2008

Where To Get Free Live Crude Oil Charting

Sorry for the absence here. Took advantage of the long weekend to go on a short trip. Hope you all had a good rest and good trading week.

In my earlier post, I talked about Solar & Airline Sector Vs Crude Oil. With oil and gas being in the focus everyday and its negative impact on the equities market, those who are day-trading will find it useful to follow movement of crude oil. While I understand thinkorswim is planning to have the crude oil futures data soon, they gave no time frame as to when it is expected to be release. Not wanting to sit around to wait especially with oil moving inversely to the market, I went around looking for FREE live oil data charting. I found one at livecharts.co.uk and it has served its purpose pretty well. Do take note that the timing of their charts are based on UK time. If you know of another source to get free live oil charting, please leave a comment here and I will compile a list for readers. Thanks!

Economic calendar for next week:

Construction Spending, ISM Index

Tue: Factory Orders
Notable earnings: GES, TOL

ADP Employment, Productivity, ISM Service
Notable earnings: HOV, VIP, PSS

Thurs: Initial Claims, ECB Press Conference
Notable earnings: FMCN

Non Farm Payroll, Unemployment, Wholesale Inventories

All eyes will be focused on the payroll and unemployment data on Fri. Market will be looking for signs of recession. If the data come in better than consensus, then this rally is likely to have legs.


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