Wednesday, April 4, 2007

There is so much news on Crude dropping


I was watching Bloomberg on the Asian session and every single talking head on the show was saying how crude was dropping because of the impending resolution of the Iran-Bristish hostage crises. Not one shred of  wording regarding actual oil flows. A very good time to be a contrarian. Mean reversion to about.. 64.65-65.00 or so...

1 comment:

Mark said...

Would the entry be on the 0/8 or -1/8 line?