Mideast money is going into gold and oil not SA market, reality of oil is that the companies that work the oil are pulling out so that stability thing won't relate to where ever they are bugging out, POMO only works on light volume days and these aren't light volume, and if Gaddaffi leaves, the order that was in place for forty years goes with it just as the Republican Guard in Iraq started massacering and setting fire to wells.
You would be better off making a technical argument of retracement w/o other bad news...before more bad news that is coming.
anything can happen, I sold my oil longs at $100. Not getting short or long here. Oil will drop 10% on news that Gardarfi is dead. However, we coudl be weeks away, during which time oil will likely rise. Why try to guess that moment and get short oil now?? huge risk. I am going to reactively short UCO once middle east has settled. Right now, middle east situation is getting worse. Dont try to be too clever, you will most likely lose.