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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Crimson Ghost who wrote (81116)7/7/2008 10:37:59 AM
From: ajtj99  Read Replies (2) of 116555
 
Interesting. My work suggests we'll see $160/bbl in August, then drop into the fall.

$60 is too low. There is extremely strong support at $85 and $80 if we drop as he suggests, which I do not anticipate.

The WTIC chart would need to get a more parabolic arc to it to collapse as he suggests. That would mean it would need to get to more like $200/bbl, although that's not my preferred.
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