Wednesday, January 24, 2007

Crude Oil Market Analysis (1/24/07 a.m.)

Sell March crude at market currently at $54.40 with a stop at $55.25. A full analysis will be provided at the end of the day.

Dr. Chen

4 comments:

Eugene said...

High was 55.26, bad luck, eh?

Dr. Chen said...

Yes.

Dr. Chen

Anonymous said...

Dr Chen - would you say todays drop was a delayed reaction to this?

Dr. Chen said...

I am unable to draw the conclusion that today's market action reacted to yesterday's events alone as a "delayed reaction" because there are other events from today that may also have caused the price decline. Please see today's Crude Oil Market Analysis.

Dr. Chen