Crude becoming a good rally killer

PoundTheRock · Jun 9, 2005

Crude charts looking good... are we going to break the all-time high soon?

traderlivermore · Jun 9, 2005

$64+ within a month.

otto · Jun 9, 2005

I know this sounds bad but I want crude to keep going up maybe it will get some of these people off the road. Traffic is really bad around here.

peilthetraveler · Jun 14, 2005

people in england pay 7 bucks a gallon for gas there and that doesnt seem to deter them from driving.

murray t turtle · Jun 15, 2005

Quote from peilthetraveler:

people in england pay 7 bucks a gallon for gas there and that doesnt seem to deter them from driving.

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True;
but made sure it curtailed mine, so gas bill is less as price rises.

Mr. Rock ;
even though maybe due for a market correction;
puzzled about title,
AMR...are at yearly highs-a weak sector,partly because of oil?????

aPismoClam · Jun 15, 2005

Quote from otto:

I know this sounds bad but I want crude to keep going up maybe it will get some of these people off the road. Traffic is really bad around here.

well, too much higher and they won't have a job to go to, so....

PoundTheRock · Jun 15, 2005

Quote from murray t turtle:

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Mr. Rock ;
even though maybe due for a market correction;
puzzled about title,
AMR...are at yearly highs-a weak sector,partly because of oil?????

mtt, I mention oil being a good rally killer only in an intraday context... there have been been a few rally days in the past few weeks that started well in the am only to melt in the pm on rising crude... today the lid may be off

Arnie · Jun 15, 2005

I think it will continue to be a rally killer until $50 becomes support...long term support that is.

tomcole · Jun 15, 2005

CL is funny as it only takes a few thousand lots thrown at CL, to impact es/zb etc where 10,000 lot trades are easily absorbed.

es/zb/zn traders need to better understand or participate in cl.

PoundTheRock · Jun 15, 2005

Quote from tomcole:

CL is funny as it only takes a few thousand lots thrown at CL, to impact es/zb etc where 10,000 lot trades are easily absorbed.

es/zb/zn traders need to better understand or participate in cl.

agree, great point -- there's definitely something to that...