Wednesday, May 6, 2009

Calm before the storm


As the days progress and June oil refusal to sell thus far - We saw some potential to reach 55.25-55.5If EIA come out less of a glut than everyone is already expecting or somehow the ADP numbers are good. We email members price entries though we hinted we might alter strategy slightly for the sake of range trading. Crude is hanging tough as it has shaken off both the weak financials and the futures being off We still believe we are at the top of the range. Despite Maxwell's call for Oil to go to$185 by 2015. That really isn't that far a way when you think about it but it isn't today-Members check your emails I will be back for stop adjustments.
If you have figured it out non-members we are long but not for long update on 54.15 purchase
move stop 54.75 protect $600.