But why should that be bullish for oil? Senior Egyptian Army officer tells the protesters that "their demands will be met." (Aljazeera) Mubarak also schedule to speak, which only means one thing.
shorted .80 for the break of .73 and stopped right out b/e on the rebound. Shoulda just held the original short, but I had to go talk to someone and instead of placing a stop above a bar level, I just exited.
I, on the other hand, think this will be seen as negative by the market since nobody can be certain that radical Islamic party will not be elected into office (viz. Hamas in Palestine). We may see 80 by Friday close. Edit: Never mind about 80. I forgot I got out of the prediction game.
'Tis but a scratch after those nice trades earlier I'm outta here folks, knock 'em out of the park into the close!