The market is EXTREMELY BEARISH

[zazakizi]

Light Crude Oil The market is EXTREMELY BEARISH. Everything in this indicator is pointing to lower prices: the fast average is below the slow average; the fast average is on a downward slope from the previous bar; the slow average is on a downward slope from the previous bar; and price is below the fast average and the slow average. Trading Unit: 1,000 U.S. barrels (42,000 gallons) Tick Size: $0.01 (1¢) per barrel ($10 per contract) Initial Margin: $4,050 Maint Margin: $3,000 Contract Months: All 12 months. First Notice Day: Two business days after last trading day. Last Trading Day: Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. Trading Hours: Open outcry trading is conducted from 10:00 A.M. until 2:30 P.M. Evening trading 3:15 P.M. on Mondays through Thursdays and concluding at 9:00 A.M. the following day. On Sundays, the session begins at 7:00 P.M. All times are New York time Daily Limit: $10.00 per barrel ($10,000 per contract)