AheadoftheNews Blog

A blog on market moving news and futures trades.

It's going to be about oil if we want to crack through long time resistance. Right now, we've enjoyed enough warm weather to keep a lid on the price of crude, but a cold front is moving in next week, and that could send crude back up to 60. Stay tuned.
From accuweather.com:
Unusual warmth has dominated the month thus far over a great deal of the nation, this week`s chilly snap notwithstanding. But the first half of next week will bring a cold outbreak that will be felt over most of the nation by Wednesday. Strong low pressure will cross the northern Plains Monday and, by late Tuesday, spread over the Great Lakes region. Along its path will spread rain and snow while, in its wake, cold air will pour southeastwards from its wellspring over northern Canada, its leading edge reach Ohio to southern Texas by Tuesday night. Wednesday, the cold will charge into the Northeast behind a rainy cold front as north winds drive the chill south to the Gulf Coast.
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