20 reasons why Oil to NEVER hit $135.00 again...dated: May 22, 2008
- Thread starter increasenow
- Start date
OK, lets take another snapshot of the oil market (CL - Thurs December 11, 2008).
Here is how the mo-fo ran from open to close: up 84, down 70, up 42, down 86, up 143, down 96, up 183, down 66, up 49, down 51, up 145, down 112, up 49, down 116, up 60, down 80, up 127 & down 80.
A good bunch of intraday swings today (Thurs).You need a reliable methodology in place and then you are imposing order and sequence on the unfolding stream of prices across your screen while you are taking the guts, profitwise, out of each swing.
".. ah bubbling crude.. oil that is .. black gold .. Texas tea"
Here is how the mo-fo ran from open to close: up 84, down 70, up 42, down 86, up 143, down 96, up 183, down 66, up 49, down 51, up 145, down 112, up 49, down 116, up 60, down 80, up 127 & down 80.
A good bunch of intraday swings today (Thurs).You need a reliable methodology in place and then you are imposing order and sequence on the unfolding stream of prices across your screen while you are taking the guts, profitwise, out of each swing.
".. ah bubbling crude.. oil that is .. black gold .. Texas tea"
Congratulations. Do you want a medal??
I am a physical education PHD candiadate, as well as a former conditioning coach for the NY Giants, playing one on one with Lebron over the weekend.
I definitely agree, Oil will never get back to its days of glory. I think that it will reach a really low level, around $20 and is gonna lay there for long.
yawn.....zzzzzzzzzzzzz
That's predicting, not projecting. I would disagree, for it to remain at $20, as you suggest, apart from other factors you would need a strong USD, much lower demand & ample supply for many years to come. Right now nobody really knows whether we will pull through this crisis, what damages will be incurred & how it will be reflected on world economies.