Technical outlook on Crude

Discussion in 'Commodity Futures' started by JSSPMK, Feb 6, 2008.

What do you think?

  1. Agree

    23 vote(s)
    53.5%
  2. Disagree

    14 vote(s)
    32.6%
  3. Don't know

    6 vote(s)
    14.0%
  1. JSSPMK

    JSSPMK

    Comprende Amigo :)

    ImO it's more important to see how OTHERS view fundamentals, hence I only look at charts to see what the heck powers that be are up to.

    Best to all!
     
    #71     Feb 14, 2008
  2. what is going to happen?..next weeks EIA report?...is that what you are talking about?
     
    #72     Feb 14, 2008
  3. QM/CL is HUGELY bullish...run the 5 day, 3 month, 6 month charts...will retest 100.00 easily...buy the dips on QM/CL
     
    #73     Feb 14, 2008
  4. usman88

    usman88

    yes and I am also hoping thats when they realize that

    1)Venezuela is responsible for less than 1% of US crude supply
    2)SPR is already near its max capacity
    3)Cold weather is over
    4)Economy is down the ground
     
    #74     Feb 14, 2008
  5. so you see a major TANKING down about to happen for Crude...correct?down to what?...$68?
     
    #75     Feb 14, 2008
  6. what is the BEST website for CL/QM Crude Oil news, Technical analysis, Fundamental analysis etc.?I searched the forums here but could not find it...basically a 'short and sharp and concise' website totally focusing on Crude Oil prices, news, trading etc...perhaps with pivot, support, resistance numbers etc...looking for free content...thanks in advance!!!
     
    #76     Feb 14, 2008
  7. usman88

    usman88

    dont know and dont care either
    all I know is that I have to be very careful and that market can drop to $85 anytime
     
    #77     Feb 14, 2008
  8. JSSPMK

    JSSPMK

    #78     Feb 14, 2008
  9. We hit 100 next week.
     
    #79     Feb 14, 2008
  10. Shagi

    Shagi

    its looking that way - i guess lots of traders are looing out for 3rd test failure to exit longs or short the $100:eek:
     
    #80     Feb 15, 2008