housing starts up 22% -ppi up.01% trading range update

relative good news in housing but for oil ppi was  lower than expected it is more sentiment

but if there will be less inflation that applies to oil prices as well

you have to tread lightly but sell 47.75 stop out 48.25  risking $500

to make $750 or more

short short term buy 46.80 sell 47.75-48  i will update when this is no longer safe 

if futures or djia go minus 50 pull plug on this gambit

as my readers know i am not a believer in this particular rally even though i am bullish long term for oil there is not enough data to support latest run up-technically it s has come up and stopped on a dime-it