mputa 1--what incremental value?, page-56

Good Luck entropylord, hope you make a mint.

There is no demand for oil between $60-$57, so it's going lower. Unless I see demand increase or supplies interupted from somwhere [strike on Iran for instance], I wouldn't necessarily put my house on oil untill the picture changes. I think it's finished!

We will get a clearer picture in a months time as the cold weather freezes over USA and EU, however, yesterdays oil rally on NYMEX was a short-covering rally, it wasn't based on "fundamentals"...in fact stock piles are increasing and consumers are being conservative in their approach. I don't see demand picking up to end this 3 month downtrend any time soon, or, for at least another 4 weeks. Selling pressure is likely to continue.

A rally to $60 is likely, traders and investors should look at this price level imo and a failure to move above it should really consider exiting all oil holdings and move it into something else. I am waiting for HDR rampers to spruik their datribe when oil continues to collapse after this breif counter trend rally.