20 reasons why Oil to NEVER hit $135.00 again...dated: May 22, 2008

========================
Increase now;
excellant points, dont know about your word ''never ''or #17.But you could be right.LOL

Trends are not predictions.

21]Something else favors the oil bears, perhaps short/medium term anyway;
MR Soros, while i dont agree with his politics much,
mentioned ''parabolic'' today,on oil trend,to US Senate. Then most of the testimony agreed -Morgan Stanley & other funds may have been grinding the face of the poor with its oil speculation.GS mentioned also.

21.7]Sometthing else cool about mr Soros comments;
he had not been long oil was his clear implication.Cool comments on the oil''bubble''.


22]The exchange raised wheat speculation margins;
maybe oil margins for speculators will be raised perhaps .Long term ,its still uptrend, not that that is a prediction.

 

anyone get in on the HUGE CL shorting opportunities today...June 3rd?

 

thanks mtt...great post...thanks again!

 

tremendous read here...:

http://news.yahoo.com/s/ap/oil_prices;_ylt=AqejzFlIpKDuNSbz0IqragGAsnsA

 

you gotta be reading the energy report...in it is important information about how the weekly EIA energy numbers are released..you must read if that means something to you...click here:

http://www.alaron.com/energy_report.aspx?blogmonth=6&blogday=3&blogyear=2008&blogid=80

 

Tues June 3rd key CL numbers 11:22pm New York time:

5-Days LOW 123.80 on 06/04/08
20-Days LOW120.65 on 05/15/08

getting close to crossing over that 20 day low...breach that..watch out...$115 here we come...

5-Day MA 126.00
20-Days MA 126.91

CL is way under that...very BEARISH indicator...these 2 MA's as welll as $125.00 are new resistance levels...like a "lid"...

 

Once again I submit: Can it really be a bubble if everyone thinks it is?

 

absolutely ~ this pig is going to bleed

(in the interest of full disclosure I'm long DUG)

 

Identify current trend: Bull & price is at daily TL

Identify time of change in trend may occur: There is a triple divergence on daily calling for at least $115

Volatility is about to increase here as we have 2 parties increasing their positions at times like now, whoever wins we as traders ought to follow, basically always try & seek out a winning party.

Looking at the daily chart & 240 as well as a lead I would not exclude a bounce (half daily chart also supports a bounce). Bounce or even continuation of trend as trend is still intact, just look at price, right on TL.

Basically, get the vaseline out as some of you trading this contract are about to be raped

Use stops

For the record I am not trading CL at the moment

 

Oil is totally at a bubble burst time...Oil will prove to be like the farce of $1,000.00 Gold prices...Gold prices not even close since that Gold $1,000.00 bubble burst...