Crude bounce.....

We're whacking the bears who thought this move was over on a retracement to 70

 

Alternative viewpoint

http://www.energybulletin.net/15126.html

 

We will see $80 CL before we see $70 again.

 

Gasoline inventories were up 2.1 million barrels. Refinery capacity utilization was up to 88.8% from 88.2% the prior week. Gasoline demand is flat from a year ago. All three numbers are bearish for gasoline and gasoline will drag oil lower with it.

Aaron Schindler
Schindler Trading

 

We missed the top by 0.350 in the Futures and down she went . . . hehe

She's going lower if she breaks 73.500.

Prof

 

Or maybe not. Hard to say.

Is it time to sell or are we going back up?

_______________

Wocka, wocka!

 

Wocka Wocka indeed!

 

The bears may be right, I might be wrong this time.

 

is that sweat on your forehead?

this time..? you were wrong all along

 

Nah, sweat on the palm.
Yeah, maybe, prolly gonna lose some on this trade.
But that's speculation, if I decide to exit, then NEXT! I'm not Nick Leeson you know, so I didn't bet the house on it .