Oil Down $4 on Gustav News

It's a technical level that comes from a fibonacci ratio.
You are obviously not a technician.

 

If you are talking "Hanna" you are mistaken. It isn't even coming into the GOM. It's expected to head north up thru the Carolinas.

 

Forbes article says models suggest 3-4 week LA Oil/NG shutdown.

http://www.forbes.com/business/2008/09/0...

Interesting.
Stay tuned.

 

Looks like it's not holding, and in a big way.

 

Big commodity sell-off here in Europe in the AM. Oil -8%, Gold -3%, Copper + Beans + Corn + Wheat -4%