Thursday, September 17, 2009

oil and natty

Oil is a slow mover thus far the action is in natty


We are getting bounces near the support line 3.62
it overshot this once to 3.595 just as it overshot resistance at 3.82 to .87

The inventory story was better than expected but the situation is still too much gas
keeping the pressure on
It is cold up here in the northeast the gas burners are starting to get turned back up

Nice trades if you are buyin near the low but remember to take your profit that is the second part of the trade that allows you to do it again