Crude Oil Pennant Formation Daily Chart 06-20-08

[Aaron Copland]

Everyone is call a top and that this is a bubble, it went parabolic. What everyone won't say is "could we be running ourt of oil"

I think we are, commodity prices use to be transitory, supply and demand kept things in check.

Never has a commodity gone up and stayed up for such a long period of time. The market is telling us something!

 

[Aaron Copland]

Another bubble call in Barrons.

 

[PaulRon]

aaron, just my opinion but i think we're still overbought and can see a false breakout before collapse (20+ fall)

 

[empee]

oil -> $150-$160 next

but sure looks toppy, I'm thinking one more squeeze. If not there then 180-$200
then maybe sharp reversal. still too many ppl shorting crude

it ain't gonna be that easy

 

[Aaron Copland]

Wow don't mess with the up trend.

 

[jonbig04]

Quote from Aaron Copland:

Everyone is call a top and that this is a bubble, it went parabolic. What everyone won't say is "could we be running ourt of oil"

I think we are, commodity prices use to be transitory, supply and demand kept things in check.

Never has a commodity gone up and stayed up for such a long period of time. The market is telling us something!

agree 100%