20060309 Long trade was a good one. Working on the 2nd day of gains now, restarting the count. A lot has to be said about the hype (news) that 'affect' the oil market, inventories, geopolitical concerns, weather. The news that the 'experts' conve to the market and the impact of the oil price is all part of the system that is the market, set up to take $ away from the unwary trader/speculator. There is absolutely NO way to determine how a certain bit of news will affect the crude oil market, most of the hyping is due to 'position talk' by the gangster tactics on the floor and by those holding big positions who are predisposed to try to move the market intheir favour. Best to just use simple chart pattern like 'law of 3s'. 

Crude Oil futures chart