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To: Moominoid who wrote (124371)9/21/2005 11:13:13 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
If its an ED then it looks done to me as per my chart the other night, but these ED's are sometimes hard to gauge. I am often a wiggle early.

Based on FA it would be hard to see the oil price fall strongly right here?

You likely already know my thoughts towards this kind of comment. Let me simply ask you this; who doesn't think the exact same thing as you? Based on the obvious answer that puts the chart at risk IMO. But I am not bearish unless $64 goes on the futes.



To: Moominoid who wrote (124371)9/21/2005 11:18:01 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
OT - a lil' FA. No claim of any particular expertise on the subject, but if there is a bottleneck, it is in the refinery capacity. Wouldn't be surprised if one of these days we get surprised by a mini-glut of unprocessed oil.