The Energy Report, Friday September 25, 2009
By Phil Flynn
25 September 2009 @ 09:06 am EDT
Oil breaks as the market shakes as the reality of tight supplies in a post Fed Meeting world. The dollar rebounds and commodity break as the market realizes that while the Fed is still supplying stimulus it is not going to last forever. With petroleum still wobbly after getting hit with this week's bearish supply report the bears have gained control over the market. Technically the Bears biggest fear is profit taking or an economic or geo-political event that could once again change the current landscape. Let us hope that it is not going to be Iran.