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North American Energy Partners Inc. Message Board

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  • chemaes44 chemaes44 Jun 16, 2011 9:28 AM Flag

    Oil Week of June 13

    I'll pull out my lucky rabbits foot for good measure, hopefully that will knockout any jinx.

    Oil is tricky this morning. As with yesterday, I have a possible bounce up to 96.95. I have trouble believing it can get there.

    I took partial profits yesterday after nearly 8.5% gain in 2x etf. want to reapply positions in the 96.20 to 96.53 zone -if oil can get there.

    Still maintain that the dollar has to get past 77.13 for a further moves in oil down. Dollar currently at 76.24. This isn't far to go.

 
NOA
6.80+0.17(+2.56%)Aug 22 4:02 PMEDT

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