* Petroleum Oil Gas info Blog *: Short Squeeze in Action

Short Squeeze in Action

Friday, October 9, 2009

THe short squeeze I`ve predicted here 3 days ago is under way helped by a weaker dollar and a better stock market sentiment. Russia is preparing to announce that it will work with the Organization of the Petroleum Exporting Countries to coordinate a reduction in output. That is positive news flow and is also helping. Oil can continue its upmove to 50 USD a barrel in the next few session.

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['c-pl-uploads', 'Upload log', wgScript+'?title=Special:Log&action=view&type=upload&page='+pname] :[] )); } hideElements(['ca-protect','ca-unprotect','ca-delete','ca-undelete','ca-history','ca-move'],['c-p-unprotect','c-p-protect','c-p-undelete','p-c-delete']); if (!_cactions.vectr) hideElements(['ca-watch','ca-unwatch'],['c-p-unwatch','c-p-watch']); document.getElementById('c-p-logs').onmouseover = function () {showMenu('opt-page-logs',findPos('c-p-logs',[40,0]))}; document.getElementById('c-p-logs').onmouseout = function () {hideMenu('opt-page-logs')}; document.getElementById('c-p-logs').style.fontWeight = 'bold'; } } ); }

2009 ·* Petroleum Oil Gas info Blog * by TNB

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