Ask Vendit Off-Topic Questions Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask Vendit Off-Topic Questions

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Carolyn who wrote (7733)	4/13/2005 9:17:17 AM
From: Walkingshadow	Read Replies (1) of 8752

One of the few positive notes I see is the fact that light sweet crude is testing important chart support at $52, and that support looks like it is in serious trouble: futuresource.com If so, that would confirm the double-top, and indicate that a significant correction in oil may be starting. Personally, I find that hard to understand, given supply/demand considerations, but I suspect this may prompt OPEC to try to stabilize prices at these levels. Although OPEC once virtually dictated world oil prices, in recent years OPEC has shown less and less ability to influence prices. They simply don't have the power they once had. T

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next