Oil is down sharpley any reason !!!!~!

Discussion in 'Energy Futures' started by ksonsinc, Sep 6, 2006.

  1. i have been watchng the mini oil as i trade it and it is at the low
    is there any reason going on $67.50 a barrel as i always like to go long but i am worried to go long
     
  2. e-miNY

    e-miNY

    Is this kind of panic that signals market bottom.
     
  3. e-mini
    would u go long here
    i mean it has been a while we have not seen such levels
     
  4. S2007S

    S2007S


    supply data was out today, thats why oil is moving the way it is.

    Would go long oil around $65.

    Watching USO also.
     
  5. Bullet

    Bullet


    Supply data comes out tomorrow....it was delayed b/c of labor day
     
  6. The perceived influx of new supply coming out of the Gulf of Mexico could have led to the selloff.
     
  7. No....they found a huge stash of oil shale under my driveway....LOL! :D
     
  8. Someone somewhere probably knows something that the majority of people dont. Sure, eventually we will find out, but by then it's way to late. That's why its best to just watch the chart.
     
  9. S2007S

    S2007S

    Sorry about the confusion.
     
  10. syrre

    syrre

    Correct, weekly inventories moved to tomorrow.

    Now that Florence didnt hit Gulf hard... think I would be slight bullish.

    67 looks crutial tho... :eek:
     
    #10     Sep 6, 2006