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

Discussion in 'Commodity Futures' started by increasenow, May 22, 2008.

  1. #291     Jun 15, 2008
  2. KMAX

    KMAX

    I noticed that too and it has a nice triangle formation so I've been thinking a big move is due. I'm surprised the pattern hasn't been discussed much on ET (from what I could find). Oh well, I'll stay long for now and bail if it breaks down.
     
    #292     Jun 15, 2008
  3. JSSPMK

    JSSPMK

    ALERT ALERT ALERT

    Sell this bad boy with stop just above current Hi or wait for 30-60m signal with smaller stop. Daily chart shows exhaustion via the histo continuous declines upon each upper thrust. QMN8 last $134.375 Retracement, we welcome you with open arms & pants down :)

    N.B. Extra vaseline for people without stops


    <img src=http://dacdac.files.wordpress.com/2007/09/pants-down-tackle.png>
     
    #293     Jun 15, 2008
  4. Oil currently under $135.00 at 10:23PM New York time June 15, 2008
     
    #294     Jun 15, 2008
  5. #295     Jun 15, 2008
  6. #296     Jun 15, 2008
  7. #297     Jun 15, 2008
  8. KMAX

    KMAX

    A bubble usually happens when there's no one left to buy and when everyone says prices can only go up and when very few are speaking about a bubble. None of this is currently true with oil.
     
    #298     Jun 16, 2008
  9. epetrov

    epetrov

    Has anybody stopped using petrol because of the prices?
    I don't really think so.
    On the other hand the consumption inceases and the production is not unlimited.
    :confused:
     
    #299     Jun 16, 2008
  10. increasenow,
    oil is increasing now.

    I think it's healthy to not make one's all existence centered around one belief which you then follow down the drain.
     
    #300     Jun 16, 2008