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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (42502)	6/22/2005 11:04:32 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68426

10:55 Floor Talk: Crude Oil We are hearing there are lots of crude oil into Aug and Sep that needs to be rolled into back months and products. Our contacts believe traders will need to sell Aug/Sep and buy gasoline and heating oil. Higher gas prices are bad for retailers particularly the discount guys (WMT, TGT) b/c their respective customer base would be more negatively impacted by higher prices at the pump. Higher gas prices would be good for refiners SUN (+0.53), VLO (-0.10) and TSO (+0.26). Briefing.com note: Higher gas prices continue to be good for the refiners -thus widening their profit margins (crack spreads).