Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (9993)	2/23/2009 6:49:57 PM
From: Galirayo	Respond to of 41419

OIH ... To the Moon ALICE ... ??? stockcharts.com Paleeeaaassse ...

To: Galirayo who wrote (9993)	2/23/2009 8:14:04 PM
From: skinowski	Read Replies (3) \| Respond to of 41419

What is the Lure for Higher Crude and Gasoline Prices ?? The price of oil regulates itself. At these present low prices investment into finding and developing new reserves is collapsing. In the meantime, the depletion of existing reserves continues. It is merely a matter of time when prices will go up. Agree that as a short term long trade one would need some evidence of trend reversal. However, as a longer time holding it is attractive. There must be some accumulation going on. There are articles all over the place about China recently going on a buying spree, trying to secure resources for many years to come. Moreover, with our government being so aggressive WRT the economy, there is a possibility of a run into "anything but dollars". A little insurance policy is not a bad thing. It is my understanding that the refiners - who are the only buyers of physical oil - got tired of getting low prices for their product - and cut their output (and buying) to an unusual degree. Right now they are enjoying low prices on front month crude - and increasing gasoline prices. This, in turn, put some additional pressure on the price of the front month crude. This too shall pass. As far as TA goes, check that chart of OIH: -- No New Lows.... :)