Oil: The perfect hedge for just about any occasion
Energy Report
by Phil Flynn
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2008-07-02
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But The IEA head now is trying to tell us that their report is bearish! Bearish? The head of the IEA said the consensus is that the oil is too high and that causes demand destruction! This is getting fun!
US oil inventories will take center stage today. Crude is supposed to be up by 100,000 barrels from last week. Gas inventories are expected to be up 100,000 barrels and distillates up 1.7 million barrels.
See me today on the Fox Business Network! Also call to get your free trial of Alaronenergies and get on the Phil Flynn energy Blast. I will get back to all the Emails! I've been getting tons! Keep them coming! E-mail pflynn@alaron.com or call 800-935-6487 to open your account.
We're short August crude from apprx 14000 - stop 14370. If stopped buy August crude at 14000 - stop 13700.
Buy August RBOB at 34500 - stop 34300.
Buy August heating oil at 38800 - stop 38400.
Buy August natural gas at 1260 - stop 1200.
Have a GREAT day!
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| Meet the Author |
Phil Flynn
Phil is one of the world’s leading energy market analysts, providing individual investors, professional traders and institutions with up-to-the-minute investment and risk management insight into global petroleum, gasoline and energy markets.
Energy Report has contributed 212 issues.Our users give the newsletter an average rank of 8.4/10 (24 votes)
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