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Alaron Energy CommentCHICAGO - Dec 7/07 - SNS -- Following is the energy futures comment from Alaron Trading Corp.
BAILOUT!!! Who knew that when the Bush Administration would bailout on a million homeowners with their sub-prime mortgages? It would bail out oil bulls as well! Oil prices rebounded in spectacular passion and gained momentum after President Bush and Hank Paulson spoke. It is macro-madness for oil that helped oil surge back.
Some said the bulls got back in after a report by the Organization For Freedom Development calling for stronger growth in China. Technically the failure to close below 97 was key to the turn around and was impressive. We could see a big rebound but long term headed lower! If oil closes above 9130 could test 95 but then will oil get aggressively short!!!
Say a prayer and remember Pearl Harbor and remember our Troops!
See me on Bloomberg today. Call me at 800-935-6487 or email me at: pflynn@alaron.com.
Short Jan. crude at 9500 stopped 8950!!! Sell Jan crude 9100 stop 9200. Short Jan heat HOF 24900 stopped 25300 Sell HOF at 25800 stop 260 Short Jan RBOB at 222 stopped 225 Sell Jan RBOB 234 stop 236 Buy N6F at 710 stop 680 Phil Flynn Alaron Research Team 800.563.9510 pflynn@alaron.com DISCLAIMER: Futures and options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more then their original investment. In no event should the content of this website be construed as an express of an implied promise, guarantee or implication by of from the author(s) that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Alaron Trading Corp. its officers, directors, employees and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Information on this page is derived from third parties and is deemed to be reliable. STAT Communications Ltd. accepts no responsibility for errors, omissions or inaccuracies in any of the material presented on this web site. Opinions expressed on this web site are those of the respective individuals and/or institutions and do not represent the opinions of STAT Communications Ltd. and/or STAT Publishing or its staff and/or management.
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