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Bottom for Oil


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#1 SilentOne

SilentOne

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Posted 16 October 2006 - 05:18 AM

Frank is good. No doubt about it.

http://www.financial.../2006/1012.html

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I agree with the forecast in so much as oil will probably not trade to new highs in the next year. Consolidation is in order.

A good trade setup here for USO and oil futures.

cheers,

john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain