any further selling could would see the next line of defence at the 50 area. Below that there's nothing but air for a while. My bet is that after leading the market for 2 years it'snot likely the topping process willbe this short and the recovery for at least a test of the highs starts today. I believe we will see 80 before 45. I'm a buyer of the drillers right here.
http://stockcharts.com/c-sc/sc?s=$WTIC&p=W&yr=3&mn=0&dy=0&i=p71627547901&a=92209180&r=8461.png
OIL holding the line
Started by
2cents
, Jan 05 2007 05:46 AM
1 reply to this topic
#1
2cents
-
- Traders-Talk User
- 3,015 posts
Member
Posted 05 January 2007 - 05:46 AM
My opinion isn't worth the HTML it's written on
#2
Sentient Being
-
- Traders-Talk User
- 4,262 posts
Member
Posted 05 January 2007 - 10:10 AM
In New England the bulk of heating is with oil. Home fuel oil. Tomorrow it's supposed to hit 61 at home and 66 where I work. Incredible. Break out the sun tan oil who needs heating oil? normally we have had over 9 inches of snow by this time. So far, nothing.
Edited by Sentient Being, 05 January 2007 - 10:10 AM.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
