May I ask what made you change your mind? (I'm assuming that wasn't your original target, dismiss the question if I'm wrong.
you ask a good question. I am still working out exits. just general nervousness,m wanting to take a 20 cents profit. got lucky. so far I have entries down and a .50 cents emergency stp. may I ask how do you exit?
http://www.reuters.com/article/idUSTRE6810XU20100910 0) "What could become a game changer is the ... leak on the Enbrige pipeline because it comes on top of another disruption they had on another pipeline," Olivier Jakob of Petromatrix said. A leak forced Enbridge to shut down the biggest pipeline supplying Canadian oil to refineries in the U.S. Midwest and to a key storage hub in Oklahoma. Canada is the largest oil exporter to the U.S., and Enbridge's pipelines carry the lion's share of that crude. Enbridge Inc closed its 670,000 barrel-per-day (bpd) Line 6A, the largest of the company's major three, after a leak was discovered near Romeoville, Illinois. The duct accounts for 7-8 percent of total U.S. crude imports. Six weeks ago Enbridge was forced to shut down another smaller part of its Lakehead system, which the U.S. government has not yet allowed to resume operations following heightened scrutiny because of BP Plc's Gulf of Mexico spill. 1) Record stockpiles in the United States have this month depressed the price of U.S. benchmark crude relative to European Brent. The Enbridge pipeline shutdown might help ease a glut at the Cushing, Oklahoma, pricing point, which is chiefly supplied with Canadian oil. Brent posted its biggest premium to WTI since mid-May earlier this week at more than $3.50 a barrel, shrinking on Friday to about $1.90. 2) "We don't know the timeline for when the leak is likely to be fixed. We're likely to see more draws in Cushing than was previously expected," Amrita Sen of Barclays Capital said. Though the size of the Enbridge spill or the duration of the outage are not yet known, fire officials said the line was shut and the oil had been contained. 3) Storms are expected to cause losses of about 20 million more barrels of U.S. crude oil production in the Gulf of Mexico before the Atlantic hurricane season ends on November 30, the Energy Information Administration said Thursday.
God Morning all, today Value Areas are: VAH 75.46 VAL 73.96 POC 74.32 I am going to be looking at the extremes today to fade it.