Thursday, July 7, 2011

Oil CLQ1 update

API showed bigger draw across entire oil complex: crude, gasoline, distillates were all a big surprise. US had a big driving holiday last week.
Lets revisit the technicals: higher highs, higher lows since break out of the falling wedge. Stay with it until it does not work, trail the stops, scale out at your targets on the way to $100...
EIA report @ 11 am today.

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