Oil Has Topped

Discussion in 'Commodity Futures' started by Pabst, Jul 18, 2006.

  1. Pabst

    Pabst

    I may regret it later but covering my shorts right now.
     
    #11     Aug 18, 2006
  2. A cease fire in Israel should be a stabilizing factor if anything allowing the multinational dealers to work with Saudi and Iran. The fall in oil I was looking for was short lived. My guess is it ranges until there is some new development in the Saudi/Iran struggle. 50% retrace of ground lost since Bin Ladens call for Sunni on Shiite violence?
     
    #12     Aug 18, 2006
  3. good cover ... OIL higher late in day I guess on short covering

    which reminds me ... do not trade QM late in day on fridays
    with front month about to expire !

    :p
     
    #13     Aug 18, 2006