CL Redux

Quote from schizo:

Or before that. I'm hoping and praying that we close at the low. That will be a VERY GOOD sign.
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Alright folks, let's push this biyatch back down to the low. You can do it!
 
Quote from owusu:

This SOB is stubborn, the bulls are fighting hard, but the knockout punch will come at 4:30
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The problem these days is that traders seem to remember bad events for only half the day. I guess that's only natural considering that the market had its head up where the sun don't shine for much of last year.
 
Quote from owusu:

This SOB is stubborn, the bulls are fighting hard, but the knockout punch will come at 4:30
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So no dumpster diving tonight? :p

I'm still holding on to my short although I should probably tighten my stop.
 
Feb. 23 (Bloomberg) -- Crude oil inventories fell by 3.14 million barrels last week to 334.4 million, the American Petroleum Institute said today.

Supplies of distillate fuel, a category that includes heating oil and diesel, dropped by 834,000 barrels to 158.7 million. Gasoline inventories rose 1.74 million barrels to 232 million.

The Energy Department is scheduled to release its inventory report tomorrow at 10:30 a.m. in Washington.

Oil-supply totals from the API and DOE moved in the same direction 75 percent of the time over the past four years, according to data compiled by Bloomberg.

API collects stockpile information on a voluntary basis from operators of refineries, bulk terminals and pipelines. The government requires that reports be filed with the Energy Department for its weekly survey.

Crude oil for April delivery fell $1.31, or 1.6 percent, to $79 a barrel at 4:32 p.m. in electronic trading on the New York Mercantile Exchange. The contract traded at $78.80 a barrel before release of the report at 4:30 p.m.

--Still short from last week avg now around 79 :confused:
 
well welll well, if you cant beat em, join em. I should know better that march has historically been a bad month for bears. I'm raising my bull flag temporarily.
 
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