L LT701 May 21, 2008 #1 all evening star candle patterns does it suggest an oil top? also, $gaso broke a trading range of 1.4 to 2.4, then ran to 3.4 thoughts?
all evening star candle patterns does it suggest an oil top? also, $gaso broke a trading range of 1.4 to 2.4, then ran to 3.4 thoughts?
E Enfinity May 21, 2008 #2 Not necessarily oil, but it's likely the related equities are putting in a top.
C cszulc May 21, 2008 #3 I find that XOM always tends to pull back at these 95+ levels. I sold the 90/95 June call spread for $3.45 today before the FOMC minutes, to find it worth $2.80 at the close. Looking for target of $1.00 on this to buy back.
I find that XOM always tends to pull back at these 95+ levels. I sold the 90/95 June call spread for $3.45 today before the FOMC minutes, to find it worth $2.80 at the close. Looking for target of $1.00 on this to buy back.
