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North American Energy Partners Inc. Message Board

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  • chemaes44 chemaes44 Jun 15, 2011 8:24 AM Flag

    Oil Week of June 13

    I guess we could co-author a book then with the stories between us:

    On oil, it's in a 50/50 place. On one hand the current bear down trend is still intact due to the fact oil was allowed to rise to the 99.46 mark. It was close enough for me. But, that rise yesterday did give give oil a marginal chance of turning bullish. SO WE ARE IN A POCKET.


    so, basically moving above 99.77 dramatically increases bullish case and falling below 98.09 dramatically increases bear case. Since bear is dominant, I look for opportunities to get short on rally's up to the upper range. i do not look to get long at this time.

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