GREY:ENGFF - Post by User
Post by
travelnutteron May 03, 2008 9:50pm
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Post# 15035273
Hopeful for Monday
Hopeful for MondayThe technical signs are pointing to a good day on Monday. The BUY signal for ENG is still strong. I'm hoping that there is no bad news Sunday or Monday affecting the whole market - if not, then we should have a good day. I believe there is also another "terrorist" situation affecting Nigerian output today so that might push up the overall price of oil and that should give ENG a little positive nudge. We've had some bad days over the last weeks so It is time we all had the luxury of rising sp over multiple days with strong winds at our backs. I think all of the longs here would agree with me that our sp is way too low and this week would be a good week to jump up over the 20 ema. Its time to get up to the +$3 range again and crush the shorts in the process. I hope the shorts are all on margin. Take care all and hope for the best this week.