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

Quote from increasenow:

Oil to NEVER hit $135.00 again...dated: May 22, 2008...here is why...read...
1-Many will continue to profit take as price target of $135 was hit
2-Dollar is getting stronger
3-Commodity bubble about to burst
4-there will be HUGE after memorial day sell off...watch for it...will start tomorrow, Friday May 23 ,2008
5-Next Wed EIA report will be massively bearish stating overstock of inventory...
6-monthly supply reports should show back up of inventory
7-when it begins, watch out, will fall hard...
8-much of upward price momentum has been short covering rally
9-Venezuala issues appear to be a 'non issue'
10-Iran supply issues are 'not there'
11-market did not budge when congress said no more stock piling invenotry
12-"irrational exuberance" in Oil cannot continue
13-gas prices will rise and demand will lessen thus ending demand for Oil
14-Green options (non Oil required...I.e. Wind farms etc.) will continue to grow
15-COT report will begin to show this...this lack of demand for Oil
16-the "prophetic" future contracts in months, years to come are price less then the current front month contract...so, traders are expecting that Oil price will and should decline!!!
17-Brent Crude is almost same price as WTI Crude thus indicating the 'devaluing' of the WTI Nymex product...
18-China etc.cannot keep current pace of 'craving' for commodities such as Oil etc.
19-Ethanol boom will become a 'bust' thus creating desire for 'purer' return to gas and normal Oil supply/demand
20-Inflation to be proven 'non issue' and price of Oil comes down as economy strengthens

Disclosure: this is my opinion only. Do your own research before buying or selling Oil futures or USO stock or USO options or even OIH, DUG etc..or anything Oil related...

PLEASE ADD YOUR POINTS #21, #22,#23...etc..
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how those shorts work'in for ya?

:D
 
Increasenow, where did you go?

Quote from increasenow:

great CL short set up today for tomorrow..$130.00 will be a "bear" for the CL to cross again...
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Quote from limitdown:

this would be a good time for Bush-II to show his leadership....

since it seems anyone complaining about the economic impact and destruction of life as most Americans know it, due to the unfettered rise in the price of oil, and how it is causing people on the ground to rethink everything about their ways of life, whether being a soccer mom and taking a trip to the grocery all the way to whether or not the police / fire trucks will roll on emergencies....

since anyone complaining of pointing out the negetive deliterious effects is being smeared with some socialist, communist name calling by those in support of these conditions,

then, a simple solution would be for Geo Bush II to show his commanding, authoritative leadership and get out in front of this "thing"

hey, after all, isn't he an Oil Man?
hey, after all, isn't this what these last 8 years were all about anyway?

hey, after all, with stocks going up, oil going up, with stocks going down, oil going up,

hey, after all, isn't this what the Texas Delegation has wanted all along?
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he can't do anything because the congress won't let us drill in anwar or off any of the coasts.
 
We are now 135 on CLN.

Why do so many posters feel the need to post proclamations which nearly always fail? Followed by a brief departure by the proclaimer. It really does not matter what market, we see it over and over.
 
Quote from increasenow:

great CL short set up today for tomorrow..$130.00 will be a "bear" for the CL to cross again...
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so are you obligated to never post again now that this proclamation was dead wrong?
 
Quote from Wrongside:

We are now 135 on CLN.

Why do so many posters feel the need to post proclamations which nearly always fail? Followed by a brief departure by the proclaimer. It really does not matter what market, we see it over and over.
More...

calling tops on markets can be a lonely and humbling profession. this is an extraordinary move to be sure but that's why I'm not (and never will be) in the prediction business...

edit: we are now up 8 at 136...wow...limit?
 
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