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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Tuesday, May 13, 2008
CCM Research Issues Technical Research Report on Oracle Energy Corp.
Comtex
TORONTO, ONTARIO, May 13, 2008 (MARKET WIRE via COMTEX News Network) ----Oracle Energy Corp. (TSX VENTURE: OCL)(PINK SHEETS: OECPF) -
CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Oracle Energy Corp.
Oracle Energy Corp. is an international company engaged in the development and exploration of oil and gas. Oracle has an 18.75% interest in 640 acres of Zapata County, Texas. The Company also has a 20% interest in 6 previously producing oil and gas concessions in Romania. New project acquisitions are also actively being pursued and evaluated in Honduras, Central America and elsewhere.
In the report the analyst states:
"Oracle Energy Corp. (OCL) is currently trading above the key 5- weekly modified moving average at 0.165."
"My model shows weekly support at 0.162 with annual resistances at 0.216 / 0.249. Monthly support is 0.071."
"The 200- week moving averages provide additional resistance at 0.292. The 50- week moving average provides nearby support at 0.175."
A free copy of the report can be found at:
http://www.baystreet.ca/articles/research_reports/ccm_research/OCL_Technical%20Report_May%2013%2C%202008.pdf
CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory division, entered into a one year $40,000.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, including: share illiquidity, lack of credibility, and stagnant market capitalization.
Cronus Capital Markets(R) (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.
Cronus Capital Markets, Inc. is the sole source of this press Release.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
Contacts: Cronus Capital Markets Peter Soni Chief Information Officer (416) 368-3700 ext 225 Email: Peter@cronuscapitalmarkets.com
SOURCE: Oracle Energy Corp.
mailto:Peter@cronuscapitalmarkets.com
Copyright 2008 Market Wire, All rights reserved.
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