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Re: Crude Oil Tanking
Interesting. I could completely see that if that was the case. The real bullet to the temple was JAN 3 2007. There was MASSIVE selling this day and it literally 'spilled over a cliff'. I was actually almost bearish on DEC 26 2006, when I got stopped out of a swing trade...for a loss.
Anyhow the rally from the low in oil is huge. There was numerous times where I was still bearish on oil even up to the end of january...but I was getting no follow through.
The action right now though is in Gasoline. Has anyone been trading this? Take a look at the RBOB contract.
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