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Alaron Energy Comment

CHICAGO - Feb 14/08 - SNS -- Following is the energy futures comment from Alaron Trading Corp.

 

The Energy Report Thursday February 14, 2008

The bulls have heart. Oil prices drove higher as a bearish EIA report failed to live up to the whisper number expectation. Yes it was about the EIA numbers but it was also about the better than expected Retail Sales numbers sent the bulls a soaring. Love was in the air and the bulls were feeling it and Cupid shot an arrow right through the bull's hearts.

Gasoline supplies hit the highest level since 1999 which was the year that oil prices were near $10 a barrel. That's a lot of gas.

 The Bulls got support from concerns about Iran's nuclear program and cold weather! What ever happened to global warming?

OPEC warning about a production cut. Also favors the bulls!

Funds are coming in going commodity crazy! And people are getting bull crazy again on oil. The Charts failed on a major breakdown opportunity sting to see how high the bulls can take it in the face of bearish fundamentals. We still think a failure is coming! Buy Puts and put on bearish option strategies!  

Short report today!  Have a happy Valentines Day! Get your sweetie what she really wants and that is a free trial to Alaronenergies! How Romantic! Nothing says I love you like trading oil! Call me today at 800-935-6487 or email me at pflynn@alaron.com! Also check me out on the Fox Business Network and Sky News!

Short March Crude 9350 stopped 9450

 Sell March Crude 9600 stop 9700  

Short March RBOB from apprx 24000 stop 24500

March Sell March heating oil at 270 stop 280

Sell March natural gas 880 stop 903

 


Phil Flynn

Alaron Research Team

800.563.9510

pflynn@alaron.com



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