RE: $35 oil back around the corner
The catalysts that will drive oil down further continue to grow. More jobs lost, more companies ready to go out of business. Credit still very tight... housing starts are right in the toilet with lots of room to continue dropping.
$25 oil might be over pessimistic but it has been said by commodities traders interviewed. $35 should be easy enough... HOD could hit way higher than $32.25 in a week...
There is just NOTHING to help the price of oil get optimistic.
Remember, we may see another manipulation ( shorts covering ) next Tuesday. Might want to take some profit and buy back in lower from Mondays close.
This is just my opinion. I am not the smartest guy on this board so please consider my opinion along with your own DD and other opinions from smarter guys than me. Not only could I be wrong, I could be DEAD WRONG !!!