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beachhouse

Registered: Oct 2011
Posts: 260

02-23-12 04:02 PM

we may see a 2-dollar drop in oil price, today, by close.
believe it or not. Big sellers will step in...

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beachhouse

Registered: Oct 2011
Posts: 260

02-23-12 04:07 PM

Quote from BCE:

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.6 million barrels from the previous week. ......... Total commercial petroleum inventories increased by 3.3 million barrels last week.

Finally, consumers are saying: I had enough, I will sell my truck.

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BCE

Registered: Sep 2002
Posts: 4035

02-23-12 04:10 PM

Quote from BCE:

ADD: DX really pulled back, not surprisingly, from just where the market bounced.

dx 03-12 (5 min) 2_23_2012.png
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BCE

Registered: Sep 2002
Posts: 4035

02-23-12 04:14 PM

Take a break. BBL.

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riskaddict

Registered: Oct 2006
Posts: 1829

02-23-12 04:56 PM

Quote from beachhouse:

we may see a 2-dollar drop in oil price, today, by close.
believe it or not. Big sellers will step in...

I agree looking to short below 106. Or even right here if this is a triple top in the works

2012-02-23-1min.png
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riskaddict

Registered: Oct 2006
Posts: 1829

02-23-12 05:05 PM

wtf is this bs?? right back to r1? Will take a shot at 106.60if we get there. Otherwise waiting for the trend to break.

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