Speculating on a short crude has disappointed here on it's last attempt to get back to the high
We are getting increasingly bearish from a short term trading perspective Bernanke is due tomorrow to talk about how he plans to exit this strategy of o rates and endless spending-
I see this could going badly for Oil in a couple of ways -The strategy could be sound but may allay fears of Inflation which is bearish for Oil or he could mishandle easily what is sure to be a highly difficult plan or not say what is yearned to be heard which would put some serious pressure on the markets.
I do not think he would stick his nose out into the cross-fire as he is a pretty sharp guy
unless he felt he had a strong play the anticipation alone should apply some pressure to Oil.
and drop an email chrgr06@yahoo.com to schedule
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