HOU

panafred
+957-31

Recent strength in the averages have given us a nice rally from a new low this morning of 6.89 up to 7.45 now. Any thoughts on if it will top out here and present us with a new low a couple of days from?

Dondate
+289-17

Re: HOU

Wow Iverson. Even you think it could be a good week for oil. I guess that's saying something :) I agree about the inventory. It should show decrease in supply across the board.

Whenindoubt
+696-76

Re: HOU

Yes it does. There is more positive news coming for oil this week than negative I think. I don't know if it'll be enough to hit my target of $75 but probaly $70.

Iverson
+1006-91

Re: HOU

I'm also cautious about the inventory report on Wednesday. I know it will show a draw in oil and gas for once. The long weekend always helps gasoline draw down.

Iverson
+1006-91

Re: HOU

I sold my HOD last week only because I hate holding over the weekends. I will be looking to get back in on any $2 move up. Even a dollar might be goos enough.

Dondate
+289-17

Re: HOU

I don't know if HOD is the place to be at this point. Oil has already gone down quite a bit. Whatever you do I'd be day trading and not holding at this point. 10% stop losses in place at all times.

Alicias
+346-40

Re: HOU

It sure has! Enjoy the time away from our computer screens.

panafred
+957-31

Re: HOU

HOD is probably a great place to be right now but being risk aversive I'm flat both HOU and HOD .

It's Friday at 5:30 and I raise a glass to you and say cheers, it's been a long hard and very confusing week, I hope next week will bring many profits and success to you all.

grant1
+144-11

Re: HOU

Are most of you short on the HOD right now?

Iverson
+1006-91

Re: HOU

palm I agree...Almost. I said high 50s low 60s. At that point I will look to play the HOU.

Iverson
+1006-91

Re: HOU

Glad you liked it NA. It just goes to show that we never really know what's going on and that fundamentals really had nothing to do with a lot of this rally.

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