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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Slumdog who wrote (19851)9/1/2017 6:12:17 PM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
July 2nd 2008 Nearby Crude hit a high of 148.20....... I have it written up back in the summer of 2008......

and you are right... I may well have been think about the crude contract size as I work much, much more with crude than with Gasoline...... Gasoline is a dangerous market ....... but this was a no brainer.... everyone in the industry knew it was going to happen.... I was topping off all the tanks last saturday...... I'm very frugal,
I dislike wasting money and do not like to over pay....... I do not stand out in a crowd..... try to fly below the
radar.... SI is such a specialized little area of the grid.....

in 5 months the price crashed 80% down to a low of $33.40 I believe... on the winter solstice ... Dec. 21st.

my best,

John