Crude bounce.....

patbateman · Feb 13, 2006

Mark my words.....crude will bounce this week....the late shorts will be covering, but the trend remains down. Nat gas is also due for a serious rally. Any takers on this?

smilingsynic · Feb 13, 2006

Quote from patbateman:

Mark my words.....crude will bounce this week....the late shorts will be covering, but the trend remains down. Nat gas is also due for a serious rally. Any takers on this?

If crude rises, so probably will nat gas. Both are oversold, and nat gas is especially so.

synchro · Feb 14, 2006

Entered at 7.22. Set stop at 7.05. Remains to be seen if the glut would overpower the usual seasonal rise in the late-Feb to early April timeframe.

BlueHorseshoe · Feb 14, 2006

Perhaps early, but the sentiment is solid. Note crude *always* bounces around the END of February.

kalzayani · Feb 15, 2006

I think it's time to long Oil from 68 area
any thoughts?TIA

kalzayani · Feb 15, 2006

Seems Some more buying is happening from 11,000
Maybe another 250 points or so

kalzayani · Feb 15, 2006

Not sure...
But I think 11,000 to 11,150 is my day tade range

patbateman · Feb 17, 2006

doesnt anyone have a real opinion on this? Does no one trade energy (the markets with the most opportunity)?

Surdo · Feb 17, 2006

Great call if you waited 1 more day and caught the bottom on Wed or Thur!

I caught some of that wave, then got off the surfboard.
Inventories on Crude/Nat Gas are both high.
Cold 3 day weekend may have exaggerated the bounce a little?

Surdo · Feb 17, 2006

Quote from kalzayani:

I think it's time to long Oil from 68 area
any thoughts?TIA

I hope you meant $58!