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Strategies & Market Trends : Ask DrBob
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To: bhuvanarama who wrote (99126)7/19/2008 3:00:17 AM
From: Drbob512  Read Replies (2) of 100058
 
bhuv: DUG is in ST uptrend where I see resistance at 40ish, but longer term it is still in a downtrend if you look at the weekly or monthly charts and indicators unless it gets above 55, which I doubt.

As you know, I am a LT oil bull, and believe in Peak Oil and this secular bull mkt in oil, until demand destruction occurs with a global recession at least a few years from now.

regards,

drbob
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