The question is, is this a short-lived phenomenon If you get another big draw in gasoline tomorrow, this sell-off could be a one-day miracle.
More Quotes from Nauman Barakat:
The fear is as we get close to 50, OPEC may step in. 50 is a number that will be difficult to break on the downside,Nauman Barakat
Typically when the dentists and doctors enter the market, you've probably seen the high or low of the move, perhaps the end of the bull cycle. Where have they been for the last three years
Nauman Barakat
It looks like some of them are coming back a lot quicker than some of us thought.
Nauman Barakat
For the time being it's put a top on the market. It'll be difficult to trade above 30 in the short term. Longer term, the jury is still out.
Nauman Barakat
It won't be before the February contract. But unless we see a continued cold spell, this market will be under downward pressure.
Nauman Barakat
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