re: significant short term rally imminent
Oil Market Update by Clive Maund www.clivemaund.com May 24th, 2006 Today’s action in the oil market signals that a significant short-term rally is imminent. In yesterday’s big article Is the Correction Over?, Footnote 3 stated that purchases of Puts in the sector should be deferred. After Friday’s and today’s action it is clear that not only should no Put option positions be opened, but that any opened already should be closed out immediately. Those subscribers who are sufficiently nimble might consider call options here.
