7-7-15 comments

[Pascal]

Thank you Mike for this analysis.

I am more "short-term" oriented, but still see no cause for buying here.
It seems that a Buy Oversold signal has chances to be triggered somewhere down the road. I would say probably next week.

In the mean time, My NTI long is not sinking and as oil is under pressure, refiners should get some support. This is a great position to hold against a general market short.


Pascal