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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (108569)9/4/2008 12:49:26 PM
From: CommanderCricket  Read Replies (1) | Respond to of 206159
 
"Motor gasoline supplies fell by 1 million barrels to 194.4 million barrels last week, according to the EIA. They've dropped a total of 22.7 million barrels in six weeks."

Gee - what are gasoline supplies going to look like over the 2 weeks with a dozen or so refineries down.

I can understand crude selling off, but distillates and gasoline?



To: Broken_Clock who wrote (108569)9/4/2008 12:50:56 PM
From: patron_anejo_por_favor6 Recommendations  Read Replies (2) | Respond to of 206159
 
A "Big picture" chart:



Crude had broken above that putative wedge, but is retesting the upper wedge trendline. If that breaks (meaningfully), I doubt we stop at 100.......time will tell.


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