Re: [RT] crude- clu5

["mr.ira" <mr.ira@xxxxxxxxxxxxx>]

Another onslaught on the $70 level.  The funny thing is that the internals are far weaker then price currently indicates.  A couple of brokerage firms are calling for crude to reach $100.  That is usually the kiss of death.  In the past hey have also called for gold at $1000 and beans in the mid teens.  It seems to be a CYA scenario for them.  Right now I can't see much above this target area of $70+/- and the $73 is still holding as the highest target I currently have. 

----- Original Message -----

From: mr.ira

To: realtraders@xxxxxxxxxxxxxxx

Sent: Sunday, August 28, 2005 11:20 PM

Subject: Re: [RT] crude- clu5

Well 70 hit this week end at multiple targets.  I would assume a retracement from here.  I have only one number higher then this at this time and that is $73.  I would be very surprised if price got there on this run.  I have been wrong before. 

 

Good trading,  Ira.  

----- Original Message -----

From: mr.ira

To: realtraders@xxxxxxxxxxxxxxx

Sent: Friday, August 19, 2005 11:29 AM

Subject: Re: [RT] crude- clu5

Well,  66 did act as resistance and a retracement did occur.  Now let us see if price will reach 70.  If long, I would look to be a seller into this rally.

----- Original Message -----

From: mr.ira

To: real traders

Sent: Thursday, August 11, 2005 3:23 PM

Subject: [RT] crude- clu5

   Look for a retracement from here, 66+/-.  70 +/- still the target.

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