Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (38942)	10/15/2012 10:22:16 AM
From: Keith Feral	Read Replies (1) of 218827

Oil and gas prices look like they want to head lower. Big cap energy stocks like CVX look vulnerable to lower oil and gas prices. Gas prices have a seasonal tendancy to move lower from here, they have a ways to move lower to catch up with $90 oil. If WTI moves back towards $85, gasoline prices should move even lower. The big turd from QE3 to drive oil prices higher was Saudi commitment to push oil prices back towards $100. Brent prices still too high. Eventually, traders are going to be cheering lower oil prices, not whining about them.

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