THE BLACK GOLD WATCHER'S COMMENTARY FOR FEBRUARY 28, 2006.

THE BLACK GOLD WATCHER’S COMMENTARY FOR FEBRUARY 28, 2006.

ANALYSIS OF BLACK GOLD!

Crude Oil is continues to attract buying interest. Today’s close (2/28/2006) was very strong. The immediate force continues to the upside. The locals again went "stop hunting", and showed that the strength is now to the upside!

Crude Oil traders are beginning to avoid the short side of the market. The Crude Oil market is stuck in a small trading range at this time, but too strong to sell short at this time!

The Dubai Ports World scandal will keep the heat on the short sellers. These real time script writers from DC really know how to support a market.

The bigger issue of alternative fuel sources is slowly working its way into the media. The question of Bio Fuels has just surfaced with a big IF.

It appears that biofuels require more fossil based energy to grow the crops than they save as an alternative fuel. This story might slow down the corn bulls,and help support Crude Oil.

PITAGORAS INTERNACIONAL SA. Onlypill@cox.net https://onlypill.tripod.com/theblackgoldwatcher


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