we are in the break oil closed at 53.84 ater open out cry june contract nudged up to 54.15

We are back in a buy channel as we have plainly stated for days 
We are currently listening to Charley Maxwell senior oil analyst at Weedenand co..
He is calling for $185 oil  in the not too distant future. We played from the short side today but we were in such a tight range could have achieved the same results legging in from the buy side.We covered our last short seeing that oil was not headed anywhere today. 
Emails are out right now for overnight positioning 10 minutes until re-open and the start of Wednesday's trading essentially. By now everyone should be fully aware that Wednesday is EIA
the past couple of weeks have been nearly discounted and I am laughing at the Bloomberg banner that claims Oil went down on inventory speculation. This is not a down day
Oil implodes on down days 10% -it is common even in the recent past. Today Oil drifted along with the market but if you caught the pendulum you could have had yourself a nice day-Just like the Oilitradinginsiders had-hard fought but at the end of the day if you have traded for 
more than a thousand you did well. In our secondary account US Steel came in a bit and Rimm went up as always and Citi went up nicely despite fear that plagued many other Financials today. We look at that account with the long term lens. All in all great day .
Wednesday starts now check your emails members!