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

Quote from Wrongside:

He may be right, we may never see 135 again........wrong side though.
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i think thats what OP meant byby $135 new support, oil going to at least 150.
 
Quote from JSSPMK:

Identify current trend: Bull & price is at daily TL

Identify time of change in trend may occur: There is a triple divergence on daily calling for at least $115

Volatility is about to increase here as we have 2 parties increasing their positions at times like now, whoever wins we as traders ought to follow, basically always try & seek out a winning party.

Looking at the daily chart & 240 as well as a lead I would not exclude a bounce (half daily chart also supports a bounce). Bounce or even continuation of trend as trend is still intact, just look at price, right on TL.

Basically, get the vaseline out as some of you trading this contract are about to be raped :)

Use stops

For the record I am not trading CL at the moment
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Rubbing it in, I know :) Increasenow, hopefully this will be a humbling lesson for you to never ever say NEVER when it comes to price oscillations.
 
Quote from chewbacca:

look out for endless hurricane rumors as a new way to manipulate the price of the energy complex higher
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read my quote above on 6/2

that is how a pro veteran trader think

increasenow - u think too much like a piker........but there is hope friend, don't go hurt yourself now............keep your head up, u can make it back
 
Looks like my prediction was dead on, Increasenow I suggest you learn what the word "never" means so that you learn to "never" make such a definitive prediction about the markets again :p


Quote from Cocaine:



INCREASENOW does not know what the word "NEVER" means....

Confirmed heavily today May 28th, 2008 10:24AM New York Time
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this could be interesting as the ICE WTI contract has no daily price limit unlike CL.. it would be interesting to see what happens... get the popcorn ready.
 
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