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Expect Higher Energy Prices This Week

Jul. 01, 2013 11:40 AM ETUGA
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Seeking Alpha Analyst Since 2009

InTheMoneyStocks.com was established in 2007 with the goal of helping average investors compete and beat the Wall Street elite. Founders, Gareth Soloway and Nicholas Santiago spent years (prior to launch) developing the PPT Methodology, a simple way to analyze charts (stocks, commodities, forex, crypto… ect), finding the next directional move with a proven 82% success rate (94% for day trading). With tens-of-thousands of members since their launch in 2007, and many hedge fund clients, InTheMoneyStocks.com is now a household name with investors and traders all over the world. InTheMoneyStocks is one of the oldest proprietary trade alert firms on the internet, which shows the long lasting positive and profitable impact on the lives of our members. We pride ourselves on being transparent, open and honest, not only giving our live trades to our members, but teaching them how to analyze charts and learn how to find the next market cycle via the PPT Methodology.

Traders and investors should expect higher energy prices this week as the Independence Day holiday approaches in the United States. Usually, energy prices will trade higher before a major U.S. Holiday. This is also a time of the year when many people will be traveling by car and air. Today, the United States Gasoline ETF (NYSEARCA:UGA) is trading higher by 0.76 cents to $55.02 a share. The UGA has been extremely weak over the past five months as the UGA topped out in March 2013 at $66.00 a share. Traders should note that the UGA has now made its first higher low on the daily chart so there is a chance that the UGA could move higher from here in the near term.

Light sweet crude is also moving higher today. Traders can follow the action in light sweet crude by tracking the United States Oil (NYSEARCA:USO). Some other oil tracking vehicles that traders can follow and trade are the iPath S&P GSCI Crude Oil TR Index ETN (NYSEARCA:OIL), and the ProShares Ultra DJ-UBS Crude Oil (NYSEARCA:UCO).

Nicholas Santiago

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