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Strategies & Market Trends : Natural Resource Stocks

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To: Roebear who wrote (20656)	1/31/2005 8:36:38 AM
From: Arik T.G.	Read Replies (1) of 108681

Thanks, Roebear. The March contract has first delivery on March 1st, so I guess any local bad weather is going to affect the already expired Feb contract (to be delivered throughout this month) and maybe have secondary effects on the March contract. Also the recent data showed Crude inventories rose nicely even when distillate inventories fell considerably. Moreover, Crude inventories rose in 13 of the last 18 weeks (since mid September) so there is IMO no surprise shortage soon. IMO, bad weather can be a good excuse to short lower highs in Crude. OTOH, took profits again (too soon, again) @46.53 on the Iraqi news, seen 46.01 touched a couple of hours later. ATG

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