Crude bounce.....

shorted on Friday and held over the weekend...hows that for nutsy....not doing so well today though

 

i shorted on friday as well but sold yesterday. i am just watching things now.. tomorrow should be a fun day

 

Ackhm! Coughs loudly.
65.30 May contracts.

 

66 bucks a bucket...not bad...I have to admit I am taking my fair share of heat at the moment...Oil has been nothing but a gutter ball for the past 2 months just doesn't want to break a channel barrier...my bones are telling me to stick to my guns though...nuts are running the market now...but brains will kick in eventually

 

Watch out during tommorows inventory report/manipulation.
Shorts will be run to new highs and out of the tree!

I am waiting to short this rally.

 

thats true...you can't always count on those virtuous energy reports

 

Oil peaked during the previous two Fed meetings (Dec. and Jan.). Let's see if it does it again after today's Fed meeting.

 

followed by ski slope.....

 

Just watch out for the icy patches on the way down and enjoy the ride!

 

Well, crude broke out to the upside outside of this choppy range trade.......oil will make new all time highs in the next 2 weeks. You must follow the trend! Do not fade this market! do i have to repeat that?