Zacks' Voice of the People highlights opportunities with United States Gasoline Fund, United States Oil Fund, iPath S&P GSCI ..
2012年2月22日 - 5:30PM
Zacks
For Immediate Release
Chicago, IL – 02/22/2012 – Zacks highlights commentary from
People and Picks Trader
“inthemoneystocks”.
For more Voice of the People, visit
http://at.zacks.com/?id=5851
Featured Post
Gasoline On Fire
This morning, the United States Gasoline
Fund ( UGA) is trading higher by 0.45 cents to $55.50
a share. This tells us that gasoline prices at the pump are going
to be higher if you have not noticed already. The average price for
a gallon of regular gasoline in the United States is $3.57
according to AAA.
High gasoline prices are a direct tax on the U.S. consumer. It
is always important to remember that consumer spending accounts for
roughly 70.0 percent of the gross domestic product in the United
States. Short term traders should watch for intra-day resistance on
the UGA around the $56.00 level.
Some other oil and energy ETF's that are trading higher this
morning include the United States Oil
Fund ( USO), iPath S&P GSCI Crude
Oil Total Return ( OIL) and the United
States Heating Oil Fund, LP. ( UHN). Traders and
investors must remember that high energy prices have always come
back to hurt the stock markets. These energy vehicles will usually
trade inverse to the U.S. Dollar Index.
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