Crude bounce.....

Mark my words.....crude will bounce this week....the late shorts will be covering, but the trend remains down. Nat gas is also due for a serious rally. Any takers on this?

 

If crude rises, so probably will nat gas. Both are oversold, and nat gas is especially so.

 

Entered at 7.22. Set stop at 7.05. Remains to be seen if the glut would overpower the usual seasonal rise in the late-Feb to early April timeframe.

 

Perhaps early, but the sentiment is solid. Note crude *always* bounces around the END of February.

 

I think it's time to long Oil from 68 area
any thoughts?TIA

 

Seems Some more buying is happening from 11,000
Maybe another 250 points or so

 

Not sure...
But I think 11,000 to 11,150 is my day tade range

 

doesnt anyone have a real opinion on this? Does no one trade energy (the markets with the most opportunity)?

 

Great call if you waited 1 more day and caught the bottom on Wed or Thur!

I caught some of that wave, then got off the surfboard.
Inventories on Crude/Nat Gas are both high.
Cold 3 day weekend may have exaggerated the bounce a little?

 

I hope you meant $58!