Solas!: PreMarks: Strategic Reserve

Thursday, June 23, 2011

PreMarks: Strategic Reserve

IEA announces US to release 30 million barrels of oil from strategic reserve. Government is likely hoping that this news will trump the mostly bearish comments by Federal Reserve Chairman Ben Bernanke yesterday. Traders first gush is to call this a political show.

Market is going to open lower this AM. We will have to watch how stocks react to support levels put in place last week. Stocks are very oversold right now by our work so that may help a bit.

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Name: CR English

Location: Illinois, United States

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Solas!

Thursday, June 23, 2011

PreMarks: Strategic Reserve

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