Sunday, May 10, 2009

members just a little high

We sent members a reasonable entry point oil closed at 58.63 and 
Advised a sale at 58.87 with futures up 45 at 6 at 605 futures were down 45 and oil opened 
did not get bounce down a quarter point instead and here it sits at 58.30
I just got in from a 3 hour  drive logic and the buffet news should put some temp pressure on the near term contract-currently no position yet and range is incredibly tight