MURICO.com Forum

Re: DH, this rally------

is probably done and a 38-50% setback waiting to happen. The $10 addiction move is complete with todays high. There is always the potential for overkill to add a couple dollars but under the circumstances of record production------back to Oct's low and lower will most happen. I'm telling producers 45.00 is and has been my minimal downside target but I can make a strong technical case for my favored target at the 42.00 area. Finished filling up my hedges @ 56.80 and the final 10% @ the $10 target 57.85. To start the week I had doubts Oct could get back to 55.00 and the $10 addiction never entered my thought process until yesterdays limit move.

Messages In This Thread

The final Purchase Index for - - -
E-mail I received this A.M.
Re: DH, this rally------
Re: DH, this rally------
Re: Dewey, the last 30 minutes---
Even though the futures have been on fire - - -