Discussion in 'Trading' started by thehangingman, Jan 4, 2007.
that would put gas at around 1.50-1.75...
A drop like this tests the real areas of support. I feel there are two ways it can go from here. This will create a spectacular V-Bottom on the chart where everyone is feeling gloom and doom. Then there will be some bullish news that sends oil much much higher off of the v-bottom like an emergency OPEC meeting
it could fail support and go to 33.
This will no longer trade in a channel which is my opinion and not a fact.
There is one very bullish event that might happen soon which is North Korea testing a nuclear device with Iranian officials present at the blast site.
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