I will be talking with the programmer tonight he is from Russia and we are debugging and trying to correct issues like sending sending posts directly to members mailbox's
Today confidence numbers allowed f0r a sell off and a run to safety for the dollar and oil went down like it probably should have on wednesday.
We gave early prices revised them down before they got there after the 68.5 we got a bounce
I gave you my final revision of 67 it looked bleak for Oil but the way it turned showed you that although oil did not participate in the -140 to -79 close if the dollar weak oil will just turn right back up -this correction was long overdue with all the inventory that has been hanging around the Cushing facility.
Nothing happened on time or as you would expect and this was probably the trickiest week of trading we have seen in some time.
Many of the ranges were close this week and money could have been made with strict adherence to morning px. The 69 support is now resistance and 65 is a very strong support zone
the 2 point contango will shrink- so the 2.125 will be in backwardation from here until expiration
Hopefully i will have full us eof thye new site by the weekend I am trying to have the morning prices direct emailed but you will have to actually visit and use your password to get in and see many of the extras-It has and continues to take far longer than I ever imagined.
this may be the last post from this site the new address is oilitradinginsider.com
and drop an email chrgr06@yahoo.com to schedule
Posts
