Sunday, June 21, 2009

Geopolitical risk


Is anybody paying attention to this Nigerian conflict these guys mean business. Friday the drop 
was brought about in part by "inventory reports" but expiration had its hand in the overall market and thus  had some effect on Oil as well. We pinned on the Aug contract at 70.02(well almost) after dropping as low as 69.40. The Iranian election scam is also adding some spice 
to the humus. And technically we did not achieve the necessary drop to qualify a "sell entry signal" I have sent out the Sunday Play to members use a stop but to me this one is definitely worth a shot.











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