Discussion in 'Commodity 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


    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.