oil

Discussion in 'Energy Futures' started by tubytrader, Nov 29, 2006.

  1. Seriously if oil was down a buck half I can understand this rally. But its up?? Everything is good news..
     
  2. tds551

    tds551

    Oil is at its moment of truth. testing the daily chart as we speak. Gasoline is in a solid uptrend, so crude may have some legs this time. The past 3 attempts at this level, have been met with vicious drops, and lower low's.

    Gas looks bullish for now, so maybe crude holds this time.

    In response to question: i think Oil needs another 5 bucks, or a uptrend with support to begin worrying the mkt.