Oil

News lows on Oil here- Wow if you have been reading the blog you would have made money on that play for sure- Oil and the commodities look so weak. Anyone seen copper, grains, oil all slammed. Early this year I expressed the coming downturn in the commodities and it happened faster that I expected but at the expected prices. I still think over the longer term commodities is the place to be not short term they over shoot parabolic.

For today seem like the is going to gap down a few points. I will be looking to take off a long if we gap down within a few points. I think they want us higher here for sure and I am beginning to think that lows might be in for the year. Common Wall Street manipulation for this festive time of the year. So stay sharp if they decide to push us high it might come in huge rushes as shorts try to cover and bargain hunters try to get in on the action before it is over.