RE:RE:RE:RE:oil down .60 , gonna be uglybago wrote: That's the July contract which is expiring today and no volume trading on that. Oil stocks should hold up because we are actually trading on the Aug contract and it's over 49 trading 49.20 right now. This means companies are getting more for their oil than the last week so we may actually trade up today not down. Oil will also track up before the oil inventory release from API. If energy is down early it's a buying opportunity but selling first thing may turn out to be a mistake. I'm looking for an open of about 7.55 and a low of 7.40 or so before it tracks back up.....glta
Just got in and compared what you wrote to what BTE did today. You called it bang on. Hope you're right about oil too.