manuel999

manuel999 Updated 

CL - Resistance at 63 Technicals favour a lower price on the weekly: - Major resistance at around 63 - at the upper band of the BB - CoT : Commercials are extremely short - Seasonality: Weakness into Feb due to reduced demand for heating oil. The extreme cold right now my override this In favour for bull: - continous draw down of crude stocks, which is already...

manuel999

- Technical: in a range between 340 - 360, in the middle of the BB -CoT: Commercial reduced there Longs a bit, thus fabvouring rising prices - seasonal trend: neutral until February, than March rally - Fundamental: high demand, but also ample suppy. This will favour the range for the next month Summary: will wait for USDA report on Friday. Then probably will sell...