QM - Crude Selloff

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

  1. BCE


    What created the crude selloff this PM? Profit taking? Missed the news. :)
  2. Island reversal buddy. U know is coming.
  3. gold down 22 and the fact that Lebanon-Israel spat is old news
  4. It was technical. Way overbought with no fundamentals even close to supporting that price.

    Lebanon thing still contained to the same areas.

    Fund boys also move like lemmings.
  5. BCE


    At some point the index futures turn into buy the pullbacks rather than short into rally attempts and lower crude will help create that. But we need some real rallies first. Keeps trying to form a bounce bottom but unsuccessful so far. Stay tuned. :)
  6. Pabst