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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (194622)4/2/2009 2:48:45 PM
From: ajtj99Read Replies (1) | Respond to of 306849
 
If you use semi-log charts you'll see a major falling resistance line at $50 on the WTIC daily. That line should be support going forward.

Above $55/bbl the trading box moves to $55 to $70/bbl, with $64 important resistance.



To: Galirayo who wrote (194622)4/2/2009 3:02:53 PM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
This is my favorite explanation for things right now. It is consistent with the steady drop in put-call since the November low, as well as the violence of this past four weeks. One can probably afford to be late in selling; these affairs tend to produce V bottoms but rounding, gradual tops.



BC


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