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Re: longymickshort post# 4160

Thursday, 09/07/2017 7:57:22 PM

Thursday, September 07, 2017 7:57:22 PM

Post# of 5880
I also bought some dwt after the eia report and am holding overnight. The 49.50 level has some relatively strong resiatance, and if we go there I will add but with a tight stop. The technicals say lower, but with multiple hurricanes in play who knows what to expect. If it doesn't start to turn lower tomorrow I will step aside and wait it out. Strange time.

My father in law lives in central Florida. He was planning to leave the state but found out there are 1000s of people with cars stopped along the highway--no more gas available for anyone to leave! Once refineries are all back online, I bet wti will run as they catch up with gasoline shortages. Prices at the pump are up over 50 cents in TN. I expect it will go up quite a bit more as Irma moves this way early next week.

I mentioned GUSH as a play on oil services last week. It's up over 20% since Harvey.

Good luck.
-Tim