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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: allevett who wrote (8255)3/11/2005 12:45:27 PM
From: Crossy  Read Replies (1) of 37387
 
Al,
futures up again to $54.70 - I really wonder how much of this volatility is systematically induced here, say "fabricated" by the rumor mill if you want..

from your post I finally understand why we have the CONTANGO I described and witnessed recently:

"Refiners are already competing to secure crude for the [April-to-June] quarter to rebuild depleted distillate stocks and to meet summer driving season and air conditioning demand," the IEA report said.

"Capacity limitations are once more being tested by strong demand growth, keeping prices high."

well if such forces are at work I'd be stupid to act against my gut feeling..
CROSSY
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