boris, sorry....no i would look for follow thru today, likely many stops at $50 so u could see a big down day if $50 is violated. Then i would see a bounce back to $57 area before final flush. I believe the funds could take this thru $40 in the next month or so.
Dear Curt, you are talking about OIL, I was wondering about "INVENTORIES", I did not watch news today, but of course, today the GAS inventories were reported right? I thought the general industry inventories(: :) Sorry. Good Trading
5 comments:
inventory numbers very bearish....look for a little more downside then a rally to 57 before final plunge
Dear Curt do you mean 44.57 by 57?
And do you mean today? Good Trading
boris, sorry....no i would look for follow thru today, likely many stops at $50 so u could see a big down day if $50 is violated. Then i would see a bounce back to $57 area before final flush. I believe the funds could take this thru $40 in the next month or so.
Dear Curt, you are talking about OIL, I was wondering about "INVENTORIES", I did not watch news today, but of course, today the GAS inventories were reported right? I thought the general industry inventories(: :)
Sorry. Good Trading
Dear Curt, Yes I was thinking QQQQ.
Good Trading
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