Traders Cooperative

[cy esp]

>>Whats going on in the energy market<<
My dos centavos.....
Fundementals continue to be strong as energy demand is increasing and supply is fixed or depleting.
But, institutions appear to be lightening up their equity holdings. Prices will be soft until their selling dries up and buying comes back into balance.
I am very heavily loaded in energy and rather nervous. I keep thinking the selling is over, but there is little or no evidence to support this hope, so far.
Cold weather in Chicago and New York generally boosts energy equities and commodities. Hope the next week has that effect.