Cameron Hanover – Daily Energy Hedger – May 20 2010

There was follow-through selling in trading overnight on Tuesday night into Wednesday morning. Asian and European traders had gone to sleep on Tuesday night (their times) and the DJIA and oil futures had been higher. When they reawoke on Tuesday night and through Wednesday morning, they found that both markets had turned over and finished in negatives territory. That lent a certain downward momentum to asset markets this morning.