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Pastimes : The Philosophical Porch
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To: Mannie who wrote (3040)6/3/2008 8:11:22 AM
From: Rarebird  Read Replies (1) of 26251
 
<<Tough call with diminishing supply, and growing demand.>>

The global slowdown which began last year is still in its early stages and should radically alter the current supply/demand dynamic.

Moreover, I expect the US Dollar to recover a bit this year, which will put additional pressure on crude oil and other sectors which have benefited disproportionately from a weakening dollar.

$136.188 is the 423.6% Fibonacci extension.
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