9/25/2006

Crude trading below $60 in overnight trading.....Now be careful This time of year is the start of winter in the futures market. Heating oil demand is most likely to stall the current downtrend. You also have the situation that oil topped, meaning all the people who were long didn't see the market going higher and bailed. We are very close to a bottom. Some traders are putting on bull spreads in options looking to make a score.....

1 comment:

MaxedOutMama said...

Right on the money!