Morning Notes- Oil closes below $75!

Hello Everyone,

Crude oil futures closed Wednesday under $75 as an earlier rebound lost steam.

The Energy Information Administration report earlier on Wednesday showed a surprise increase in supplies.

EIA said U.S. crude supplies rose by 2.6 million barrels in the week ending Nov 14.

VIX 1 %  ABOVE  10 ma       RSI   55.06  NEUTRAL

MARKET Trend: UPTREND

Put/Call ratio .60       Above 1.20 Bullish,   Below .40 bearish.

Consumer price Index 8:30 am

Jobless Claims 8:30 am

Leading Indicators 10:00 am

Earnings out today: AAFY,ADSK,BBY,DLIA,DLTR,MRVL,SHLD

Dow Futures:  - 75 points      Oil: 74.65   +.15

Have a great trading day.

Posted to Stock & Option Scout on Nov 20, 2014 — 8:11 AM

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