Weekly Light Sweet Crude Index
Started by
James Quillian
, Jun 10 2007 10:16 AM
2 replies to this topic
#1
James Quillian
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#2
rkd80
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Posted 10 June 2007 - 11:31 AM
A very encouraging long term look for those bearish on crude I think. The long trend is down and it has created a rising wedge which is a very reliable bearish pattern in a down trending market. We should be seeing 50 dollar crude sooner than later.
“be right and sit tight”
#3
relax
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Posted 10 June 2007 - 11:40 AM
Won't we just see a repeat of what happened last year - drop in crude from august
A very encouraging long term look for those bearish on crude I think. The long trend is down and it has created a rising wedge which is a very reliable bearish pattern in a down trending market. We should be seeing 50 dollar crude sooner than later.
