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Friday Update

Holy Crap, something did blow up!!!

Don’t buy oils at the open! Too risky as it was an attempt.

Wait until oil breaks $62, if it does, otherwise just stay away.

Trade very, very carefully if at all as this is starting to look like a James Bond plot to spike the price of global oil.

Can HAL really be worth $72 if they have to start paying hazard rates all over the Middle East? Would it really help XOM if 10% of their capacity is actually blown off-line?

Everything I hoped to gain for the day on oil has already been hit in pre-market, I don’t like this one bit…


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