In the most parts of the United States remains cold weather which gives support to oil prices and its derivatives (gasoline and oil). Yesterday CLH4 price again exceeded the psychologically strong level $100.00. Industry analytics suggest the possibility of further growth in the coming days. Shortages in distillate stocks last week may support commodity prices growth. Weather forecasters predict worsening weather in the coming days again: cold and snowstorms in southern United States (Atlanta, Georgia ...). Industry analytics are predicting significant decrease in distillate output from Energy Information Administration (EIA) report. Major USA indices are growing last week and this also may support the rise of commodity prices. At the moment, prices for Light Sweet CLH4 are at 100.00
Moving buy limit in Gasoline spread up to 0.0270, take profit at 0.0320 and stop loss if day closes below 0.0260.
