Thursday, April 2, 2009

this was manufactured

down 5/8 to 52.02 we sell here to see a southern drift on the overnight
With he futures unchanged oil wants to correct back south remember inventories or real economics were up which means more oil which means lower prices. This systemic or market driven rally has a tendency to correct We did that nice little flip but We are thinking that
speculation on the jobs will at least put this new bullish sentiment in some sort of check
we hate to sell into a drop are not gonna wait to 51 to decide this was indeed overbought in light of real economic data-  technical cases based on CCI and bollinger bands has way overbought and we have what I have on my own personal chart serious resistance at 52.875
and a screaming sell at 54.625-Anyway we just sold 52.03 i haven't even published this 
51.94- I expect 51 by morning no economic data is coming out tonight and fear should drive it down