Crude becoming a good rally killer

Crude charts looking good... are we going to break the all-time high soon?

 

$64+ within a month.

 

I know this sounds bad but I want crude to keep going up maybe it will get some of these people off the road. Traffic is really bad around here.

 

people in england pay 7 bucks a gallon for gas there and that doesnt seem to deter them from driving.

 

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True;
but made sure it curtailed mine, so gas bill is less as price rises.

Mr. Rock ;
even though maybe due for a market correction;
puzzled about title,
AMR...are at yearly highs-a weak sector,partly because of oil?????

 

well, too much higher and they won't have a job to go to, so....

 

mtt, I mention oil being a good rally killer only in an intraday context... there have been been a few rally days in the past few weeks that started well in the am only to melt in the pm on rising crude... today the lid may be off

 

I think it will continue to be a rally killer until $50 becomes support...long term support that is.

 

CL is funny as it only takes a few thousand lots thrown at CL, to impact es/zb etc where 10,000 lot trades are easily absorbed.

es/zb/zn traders need to better understand or participate in cl.

 

agree, great point -- there's definitely something to that...