How high you think Gustav will take oil???

[spanish89]

ALoha im just curious on how high everyone thinks gustav will take the oil firstly??

And then at what point pre-hit / after hit when surveying damage, would the peak prices area come??

 

[The Kin]

$150

 

[BlackBison]

gustav isnt going to take it anywhere.

technicals are going to most likely take it to 150 ish at least to make a double top or greater.

 

[spanish89]

Quote from BlackBison:

gustav isnt going to take it anywhere.

technicals are going to most likely take it to 150 ish at least to make a double top or greater.

Gustav is whats controlling the oil at the moment...

S&R levels are barely coming into it.


I dont get why the fuck oil is now weakening though, when the hurricane is getting stronger and nearer!!?? :eek:

 

[Landis82]

Hurricanes have a much greater effect on NAT-GAS rather than CRUDE.

Feel free to check the Summer of 2005 with Rita and Katrina and you will see what I mean.

 

[BlackBison]

Quote from spanish89:



Gustav is whats controlling the oil at the moment...

S&R levels are barely coming into it.


I dont get why the fuck oil is now weakening though, when the hurricane is getting stronger and nearer!!?? :eek:

wrong.

its the markets REACTION to gustav that is 'controlling' the market

and what determines how the market reacts to news? sentiment and technicals

if the market isnt technically bullish news aint going to move it much higher, get it?

if you cant understand what i mean now you never will

 

[spanish89]

Quote from BlackBison:

wrong.

its the markets REACTION to gustav that is 'controlling' the market

and what determines how the market reacts to news? sentiment and technicals

if the market isnt technically bullish news aint going to move it much higher, get it?

if you cant understand what i mean now you never will

I do understand... :/

But im now holding over -£500 loss, on my account of just £1,500..., all the money i have in the world.


You think i should hold over tomorrow???