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Tony Nunan Quotes

Traders are now more concerned about the psychological impact of the hurricanes that has seriously caught American consumers, cutting back on consumption. - Tony Nunan

Tags

Traders | Concerned | Psychological | Impact | Hurricanes |

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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. - Tony Nunan

Traders see this as a selling opportunity. - Tony Nunan

Most of the worst-case scenario has been built in to the price already, so we will get a week of consolidation until the real extent of the damage is known. - Tony Nunan

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