Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: yard_man who wrote (93220)	6/8/2017 4:39:10 AM
From: GROUND ZERO™	1 Recommendation Recommended By Qualified Opinion Read Replies (1) of 222884

How about $35 per barrel before the tanking is over... lower energy costs is bullish for companies that rely on oil for their industry... When the arabs lowered their oil production in hopes of raising prices, it was just folly on their part... as a rule, cutting oil production is bearish, not bullish... and this rule has been proven once again... the only thing bullish for oil is increased demand, greedy over production is bearish... Look at this jumbo rounding top on this weekly crude oil chart, this market would be lucky if $35 per barrel stopped the fall, it could test below the $25 per barrel level before the collapse is over... GZ

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