Crude bounce.....

GlobalFinancier · May 2, 2006

Quote from patbateman:

i just dont see any reason why it wouldnt, all the risk is to the upside. There are way too many geopolitical factors, as usual, to push this through 75.35.

We're whacking the bears who thought this move was over on a retracement to 70

paradox · May 2, 2006

Alternative viewpoint

http://www.energybulletin.net/15126.html

Ebo · May 2, 2006

We will see $80 CL before we see $70 again.

Aaron · May 3, 2006

Quote from Aaron:

The three numbers I'll be looking at are the change in gasoline investories, the refinery capacity utliization change from last week, and the gasoline demand compared with a year ago.

Gasoline inventories were up 2.1 million barrels. Refinery capacity utilization was up to 88.8% from 88.2% the prior week. Gasoline demand is flat from a year ago. All three numbers are bearish for gasoline and gasoline will drag oil lower with it.

Aaron Schindler
Schindler Trading

ProfLogic · May 3, 2006

Quote from ProfLogic:

If the E-Mini Crude Futures go through 75.350 it will.

We missed the top by 0.350 in the Futures and down she went . . . hehe

She's going lower if she breaks 73.500.

Prof

Foz · May 4, 2006

Quote from Ebo:

We will see $80 CL before we see $70 again.

Or maybe not. Hard to say.

Is it time to sell or are we going back up?

_______________

Wocka, wocka!

Ebo · May 4, 2006

Wocka Wocka indeed!

GlobalFinancier · May 4, 2006

The bears may be right, I might be wrong this time.

traderguy02 · May 4, 2006

Quote from GlobalFinancier:

The bears may be right, I might be wrong this time.

is that sweat on your forehead?

this time..? you were wrong all along

GlobalFinancier · May 4, 2006

Quote from traderguy02:

is that sweat on your forehead?

this time..? you were wrong all along

Nah, sweat on the palm.
Yeah, maybe, prolly gonna lose some on this trade.
But that's speculation, if I decide to exit, then NEXT! I'm not Nick Leeson you know, so I didn't bet the house on it

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