CL Redux
- Thread starter schizo
- Start date
http://www.marketwatch.com/story/phil-flynn-3-gas-more-likely-than-5-2012-02-24
Energy analyst Phil Flynn on MW Radio: $3 gasoline likelier than $5
Interesting.
Energy analyst Phil Flynn on MW Radio: $3 gasoline likelier than $5
Interesting.
Short 108.21, stop 110.50, target 105.50-
I mentioned this the other day and I'll mention it again. Not that most people here need my advice, but I'd be careful about holding short positions over the weekend. Who knows what could happen? And if something did this would gap up big time on Sunday. Just a precautionary move. Just my 2 cents. As always we'll see what happens.
ADD: On the other hand this does feel like it's getting a little tired here. We'll see. If DX bounces we'll probably get a pullback.
ADD: On the other hand this does feel like it's getting a little tired here. We'll see. If DX bounces we'll probably get a pullback.
But another thing is the basic stories behind these runs, whether it's crude or the general market, remains the same. The Iran story is the same and unresolved. The job picture has improved and other economic reports are generally good. Etc. So until that changes we're probably going to hang at these levels.
The other thing is, a lot of years there is a runup the first few months until the mutual fund monies have been allocated, then there may be a pullback.
The other thing is, a lot of years there is a runup the first few months until the mutual fund monies have been allocated, then there may be a pullback.
I PM'd you about that loan. I'll be able to pay you right back as soon as my trading improves. 
Been waiting for an area to short, the upper end of the big day from May 5 from last year should be a bit of resistance as the whole range was nothing but air on the way up.