Qm hits 57.025. Getting a little overdone, especially since he weather forecast only runs up to the first two weeks of November. Seeing some bullish divergences at lows, 57.20 was an area of support for the November contract, let's see if they can find support on the December one. Otherwise, it's 56.50, but two days in a row of S2's would be unusual. Nevertheless, funds are offloading today before EOM. Inventories tomorrow are expected to be bearish for oil, you just have to figure out at what point is it priced in.
This entry was posted
on Tuesday, October 31, 2006 at 9:03 AM.
