Overnight:
July 24 (Bloomberg) -- BP Plc, Europe's second-largest oil company, said net income rose 1.5 percent as the sale of its last remaining U.K. oil refinery added to revenue from high oil and gas prices.
This is helping ES futures as overnight traders get excited over upcoming energy earnings. Financials and techs could be in trouble tomorrow, but for now we get the usual 3 AM push. We could also be witnessing a nasty short squeeze on the lower overnight volume.
YM pulls up to 14028 and retreats back below 14012.
July 24 (Bloomberg) -- BP Plc, Europe's second-largest oil company, said net income rose 1.5 percent as the sale of its last remaining U.K. oil refinery added to revenue from high oil and gas prices.
This is helping ES futures as overnight traders get excited over upcoming energy earnings. Financials and techs could be in trouble tomorrow, but for now we get the usual 3 AM push. We could also be witnessing a nasty short squeeze on the lower overnight volume.
YM pulls up to 14028 and retreats back below 14012.
This entry was posted
on Tuesday, July 24, 2007 at 7/24/2007 03:11:00 AM.
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