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OIL is breaking out


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#1 andiron

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Posted 16 October 2009 - 12:57 PM

and energy will support stock market..Oil headed to 100+ & that will force FED

#2 gismeu

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Posted 16 October 2009 - 02:02 PM

and energy will support stock market..Oil headed to 100+ & that will force FED



today might be OPEX related and if zorop is right with the USD, then it might be a false breakout!
Let's see next week,

gis
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#3 mini-trader

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Posted 16 October 2009 - 02:07 PM

Mid 70's by early middle next week...false break for sure

"Bottoms come fast...Tops take forever"

#4 porsche911sg

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Posted 16 October 2009 - 06:03 PM

Mid 70's by early middle next week...false break for sure

It'l likely to drop below $70 if dollar rebounds.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!