Thursday, March 29, 2007 1:52:23 PM
correction: Just broke Qs 43.22 and OIL over $66 showing very high speculative risk premium.
Qs trading at support as noted earlier that we will likely see 43.30 +/-.
Close is important to support this level for any positive price actions; otherwise, it is quite bearish.
Oil is trading above 66 which is not good for market.
USO is trading close to 55 target.
Qs trading at support as noted earlier that we will likely see 43.30 +/-.
Close is important to support this level for any positive price actions; otherwise, it is quite bearish.
Oil is trading above 66 which is not good for market.
USO is trading close to 55 target.
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