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Letter "P" » Phil Flynn Quotes
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«Here's a market that can't follow through up or down. In my definition, that's a trading range.»
Author: Phil Flynn
«I think we will soon test the year high of $69.20 a barrel but we may not take it out by that much. Oil seems to be following the same chart pattern as a year ago which means we should have an intermediate peak soon.»
Author: Phil Flynn
«This is going to be the most confusing rollover in the history of the gas market.»
Author: Phil Flynn
«It is becoming increasingly clear that the unleaded contract is losing its grip on being viable, traded-able instrument. It's also clear that fewer people want anything to do with the ill-fated MTBE contract.»
Author: Phil Flynn
«The commodity funds and speculators can't seem to stray too far from the oil complex as they feel the market is heading for some possible supply imbalances. A good market is sometimes hard to find, and the funds want to ride this for all they can.»
Author: Phil Flynn
«Crude was moving higher but was unable to take out $68. When gasoline Plunged, the oil market began to retreat.»
Author: Phil Flynn
«Funds are looking for places to put money and they feel that fundamentals are still very there. There is a movement towards diversification, away from paper assets and back into hard assets (such as metals)... as a part of a portfolio you just have to have.»
Author: Phil Flynn
«Fears are escalating that if at this rate refineries don't get back online quickly, then gasoline supplies which are currently above normal will fall to below normal.»
Author: Phil Flynn
«We may look back at the day fondly when we paid $3 a gallon.»
Author: Phil Flynn
«Nothing like a little psychological warfare to get the blood moving.»
Author: Phil Flynn
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