OIL

[caprock]

I think a sell off will begin in the next couple of days. I should be ok with the position, although i may average up just to make sure. I wouldnt be surprised if we were to see crude oil drop $7 in one session in the coming weeks. We are swimming in gasoline inventories here along the gulf coast, explorer PL shutdown, imports are increasing, refinery problems are ending. Rbob should begin to breakdown and will take CL with it.