Even if there is a stock draw, unless it is substantially and unexpectedly high, I would not expect prices to go up above 60 as the near-term market is still heavily weighed down by high inventory levels and the warmer weather.
More Quotes from Tony Nunan:
The market has gone up so much and so quickly. This is a technical correction. This is just profit-taking ahead of the weekly statistics.Tony Nunan
It is unknown how extensive the damage to the refineries is.
Tony Nunan
It looks like the market just doesn't want to go down. I think everybody is going to be watching stocks today.
Tony Nunan
Immediate fundamentals look bearish, ... Weather seems very mild and inventory levels are high.
Tony Nunan
We have a two-sided market, which is fundamentally weak in the short-term due to inventories but in the long-term faces all this geopolitical risk.
Tony Nunan
Readers Who Like This Quotation Also Like:
Based on Topics: Weather QuotesIt's wonderful to meet so many friends that I didn't used to like.
Casey Stengel
Sports and entertainment have always been windows of opportunity for African Americans, when other doors were closed.
Lynn Swann
It has always felt like a failure that Bjorn and I couldn't keep our family together. You never get it back, but to this day I don't regret splitting up. The reason behind our separation is one of those things I definitely don't want to go into!
Agnetha Faltskog