• Home ::
• Fundamental ::
• Analysis Reports ::
• The Energy Report

• Send
• Print
• Add To
• Rss

The Energy Report

0f63b022-4f2f-4b5b-9393-46f342e0386f

0

0

Spooky Oil. Who dares enter the long side of the energy complex?..

Fri, Oct 31 2008, 15:40 GMT
by Phil Flynn

Alaron

Spooky Oil. Who dares enter the long side of the energy complex? Boooo...

It's close To Midnight and something’s selling oil in The Dark. Under The Moonlight, You see a drop That Almost Stops Your stop. You Try to Scream, but the market takes the trade Before You Make It. You Start to Freeze, As Losses Looks You Right between the Eyes, You're Paralyzed. You Hear Demand's been slammed, And Realize there's no money left for fun.

You hope The Cold Holds, and play that oil will start to run. You Close Your Eyes, And Hope That This Is Just a bad tick or quote, girl But All The While, You Hear The margin man Creepin' Up Behind You're Out Of Time

They're Out to Get You, There's oil Bears Closing In On Every Side. They will possess you, unless you Change Your Perma-bull trading style. Now Is the Time for you and I to start selling short my dear. All Thru the Night, I'll Save You from the Terror on the Screen, I'll Make You See

Markets Fall across the Land, The trading Hour Is Close At Hand. Creatures Crawl in Search Of stops To Terrorize your trading hood And Whosoever Shall Be Found Without the Soul For Betting Down Must Stand And Face The Hounds Of Sell, And Rot Inside A traders hell.

The Foulest Stench Is In The Air The Funk Of those faulty credit Years And Grizzly Ghouls From Every Tomb Are Closing In To Seal Your Doom And Though You Fight To Stay Alive Your Body Starts To Shiver For No Mere Mortal Can Resist trading this oil Thriller

'Cause this Is Thriller, sell her Night and No-ones Gonna Save You from the trade about to Strike. You Know its Thriller, seller Night. You're fighting for Your Life inside a seller, Thriller. Thriller, seller Night. 'Cause oil can thrill you More Than Any Ghoul Could ever dare try. Thriller, Seller Night So Let us sell and Hold on Tight And Share A Killer short sell Chiller, Thriller trade Tonight. 'Cause this Is Thriller Seller night girl I Can Thrill You More Than Any Ghoul Could ever dare try Any Ghoul could ever Dare Try (Thriller, Seller Night) So Let Me Hold You Tight and Share a Killer thriller.

Of course the fall in oil reflects an economy that is downright scary. The GDP is on life support falling by a 0.3 percent annual rate and consumers became zombies as business cut investments and consumers slashed rates at rates not seen for 28 years. OPEC screams in HORROR (ha, ha, ha, ha) as demand goes into the grave in the US as oil demand in August was revised down 4.8% or 975,000 barrels per day and the first six months of this year the lowest since the early 1980’s (add in blood curdling scream here.) Oil failure to close above 7180 and its weak close signals more weakness ahead. Products are looking weak as well but on a break we should buy oil, sell RBOB. There are such beings as vampire traders, some of us have evidence they exist. Even had we not the proof of our own unhappy trading experience, the teachings and the records of trading past give proof of our own enough for sane people assuming of course sane people trade.

We're short December crude oil from apprx 7439 - stop 7300!!

Buy December heat oil at 18500 - stop 18400.

Sell December RBOB at 16100 - stop 17400.

Buy December natural gas at 515 - stop 500.

Have a SPOOKY day and weekend!

Published on  Fri, Oct 31 2008, 15:41 GMT