John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jon Koplik who wrote (7830)	5/11/2007 10:32:59 AM
From: Hawkmoon	Read Replies (1) of 33421

Jon, Where do you see oil heading? I'm still seeing a potential head & shoulders formation in light crude: tfc-charts.w2d.com The bottleneck in the refining area should indicate that even with greater demand for gasoline, the ability to refine it is limited, and thus, creating a glut in oil in storage (where additional capacity seems limited). What's your view? Hawk

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