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'Taint likely....it may go down into that range, but it will bounce--HARD. Oil will not stay below 50, and I don't think it will stay below 55. The trend remains up, despite the correction (which will prove to be a positive in the long run; like all things in futures the run to 78.40 was "too...

IMHO? The CL market is looking stronger this morning, but they trashed it yesterday. It will need a catalyst to run up, it seems to be floundering based on the data that's currently out there. One geopolitical event and watch out...

You've IMed me?? I haven't gotten any IMs. What's your IM screen name and are you on Yahoo or AIM? Thanks for sending the article, a good read indeed. Today's move was significant, but my gut tells me this may just be consolidation before moving higher. CL has geopolitical risks to prop...

How much money are you trading? Full sized or miNY contracts? I'm a trader for a producer and would be glad to help you out with the reports if you want. Do you have IM?

What's LOD? Crude actaully had a draw in inventories when concensus was a 1.5 - 2.0 million bbl. build, and distillate inventories were in line 3.0 - 3.5 million bbl. draw...and we still sold off. Bullish number for CL and neutral for HO and we tank. I take back my earlier predictions, my...

Just a typo (and I am not throwing it in your face as I did before only to discover I was mistaken), but you left out the word DRAWN when referring to distillate stocks expectations for the week (expectations are indeed for a hefty drawdown due to cold weather). Not a biggie, just clarifying...

Lots of "nows" in this...the only thing that I think is going to happen, NOW, is that we're headed for 60. Trading 59.42 at the moment with less than two hours until the number. If the crude build is small, and the distillate draw large (Platts numbers: looking for a CL build of between 1.6 -...

What charting program are you using? These are just Fibonacci retracements, or?...

Agreed and likewise. Still waiting for that key resistance area!...but I don understand you have other matters requiring your attention at this time.

Double top on your chart, yes, but I'm still bullish. Like natty at 8 bucks, it wants to go there and keeps getting very close, but encounters selling resistance up near the whole number. I heard it did actaully trade 60.00 in the ring this morning, but there was a violation so they took the...

If you don't have the resources to cover the cost of options and you want to be hedged you'd have to go out and lock in a price with futuress. That said, the costs of using futures could potentially be greater than using options alone if a the position does not go in your favor. That is, if...

What was your last play? You are talking about the upside breakout, correct? We may hit 60 this morning, we're very close right now...

You can only trade the options in the pit during open outcry hours, which are M-F from 9:00 AM - 2:30 PM EST (the 9 o'clock start is new, it was 10 until 2-1-07). You'd have to have a broker, and if you don't know what you're doing you'll get your ass handed to you. With the increased volume...

Where do you see upside resistance? It looks like 60 will be here by day's end, so I'm wondering where you anticipate the market to encounter resistance as we rally... Also, do you do natural gas analysis? If so where can I find it?

Oh....I stand corrected. Sorry about that, I will look at dates more closely next time!

That is blatantly incorrect. The market was looking for a withdrawal in the 200 Bcf area, with estimates ranging from 165-225 Bcf. The 186 number was not outside of the range, but was on the low end of the market's expectations, which when coupled with current inventory levels leaves us with a...

As T. Boone Pickens would say: '60 before 40'...although I think he did miss his most recent '70 before 50' prediction, I think the bulls are back and we may have seen a bottom...that's not to say we can't retrace back to the mid to low 50s first, but 60 is closer than the bear camp might...

They're all over the media...Bloomberg, Reuters, GasDaily on Platts (subscription required), NGI from Intelligence Press (again, costs money)...the ICAP site also does an auction where you can place bets on expectations....lots of places I guess. You don't have to pay, just pay attention to the...

We'll never know, but I predict we break your resistance just above 8 bucks in the next few days, but perhaps not until next week's number. Oh I could be wrong, I realize that, but I do not think the market would have paused at the resistance level if we'd drawn 220 or more. Again, neither one...

Typo, the NG number comes out THURSDAY at 10:30 AM EST, not Wed. Sorry, just a key stroke error... Also, if there is a holiday oftentimes the oil numbers will come out on Thursday along with the natty number, and a few times a year (Thanksgiving is one) the natty number is delayed a day...