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Attach is the long term trading on crude
oil
in one day it went from oversold to
overbought
the max upside is only 40-50 cents
if you are long make your stops tight
the blue line is almost at the top
line
now,, that does not mean that you short crude,, as
we do NOT have the blue line going from above top line back under the top
line
Ben
Sent: Wednesday, March 05, 2008 8:01
PM
Subject: Re: Your comments re:
Mahendra
So Ben I'm confused given what u think - is crude
going up or down from today's high 104.90. Ed.
----- Original Message -----
Sent: Wednesday, March 05, 2008 7:18
PM
Subject: Re: Your comments re:
Mahendra
most likely there is some profit taking by
the public
Ben
----- Original Message -----
Sent: Wednesday, March 05, 2008 6:21
PM
Subject: Your comments re:
Mahendra
If
commercials were short oil and long 105 calls from 102.50, I gather they
are losing more money on shorts versus 105 call profit. As u say
they were squaring positions covering shorts boosting prices
to104.90. What are they doing with their calls. And at some
point, short covering ends or is reduced. So what is the
implication?
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