Wednesday, June 10, 2009

Supplemental Overnight note

the chart on the left is aminute chart
the line underneath is where qwe targeted the buy in but did not in fact buy in


Once again wading until the later hours of the night 10:30
 We told members prior to the start to buy dips- we hoped for 71 but said to buy
like last night on any retreat. Last nightI did not get in myself on the first pullback, but got in on the 2nd at 70.54. 
Tonight the difference is we are coping with even more good news on oil as rates were not raised in New Zealand spurring a rally in the Kiwi which means a week Greenback which of course is bullish for OIl.
It has backed off it's attempt at 72 resting like a giant ready to wreak havoc should it awaken
it drifted back to 71.82 and that is not much of a pullback. We can't say we have been chasing as almost every member has been riding the bull wagon since we discovered the short covering rally followed by the three Reco's two from Goldman one from Morgan and today's inventory draw which was a surprise to no one but they called it that on Bloomberg. 
Remember Sunday night 68% of analyst surveyed said Oil would go down this week that is a record. There are many poor analysts is all I can say.
  The currencies continue to rally and 71.85 will appear to be a bargain soon.
My bid is 71.45 I hope I get in tonight.  The new sight will be up soon I am told.
So the guy  in Glendale heights Illinois will not have the new address the url will simply be 
Oilitradinginsider.com it will be published delayed to non-members he should just join since he reads everyday.

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