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Strategies & Market Trends : CFZ E-Wiggle Workspace

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To: skinowski who wrote (9415)11/24/2008 1:35:09 PM
From: Galirayo  Read Replies (1) of 41413
 
>>
don't expect the Blip Up in Crude to Last

<<

I don't 'know' .. I'm just guessing .. and basing my Guess on the Demand Destruction reported weekly in the EIA Crude Inventory reports. I'd guess that after the Holiday is over .. it's back to the Downtrend ..

R should be on the Older Double top that was broken to the upside years ago .. around 55 56 I think .. but that needs to be adjusted by the re-weighting of WTIC with more Sour in that Basket. They re-weighted it after it broke out of that 55 area.

Lot's of Congestion around this area but for now it may have found Temporary support.
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