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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (5699)4/12/2005 7:49:09 AM
From: robert b furman  Read Replies (1) | Respond to of 12411
 
HI Chip,

I'm not a futures trader - but an observation.

Crude has peaked the last several months on options expiration.

An acquaintance of mine (who works for Anadarko's trading department) says oil historically peaks in April.

With heating oil and natural gas both declining hard - my bet is crude doesn't hit a new high this Friday and that leads us down in price.

Mr Market needs a little good news,the oil tax being reduced could well be that push.

One thing for sure we have a nice oversold STO and MACD glide slope here at this dip.

Major market bottoms don't start off that kind of a dip.

I think we pop very soon here also.

Bob



To: Chip McVickar who wrote (5699)4/12/2005 9:58:20 AM
From: Doo  Respond to of 12411
 
In the middle of lambing, Chip. But, based on the price and volume stuff I watch (in the longer term I don't trade, that is :)), only a huge move up today on massive volume would salvage an IT turn off the low 10 days ago. Back to the barn, where the investment returns are paying off in spades. :)


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