OIL head and shoulders

Trend Fader · Sep 29, 2005

Once OIL breaks $63 we will have a head and shoulders top in place...

I would not be heavily long oil stocks right now...

--MIKE

thenewguy · Sep 29, 2005

Funny, I looked at an oil chart for the first time in a while this morning and I thought the same thing... I'm not much of a TA guy however, more of a T & A... but that's a different story I suppose.

-The New Guy

Trend Fader · Sep 29, 2005

Chart does say $63 is key support..

thenewguy · Sep 29, 2005

Hey, if you look really close, you can DEFINATLEY see a head and shoulders!

-The New Guy

PhysicsTrader · Sep 29, 2005

Quote from thenewguy:

Hey, if you look really close, you can DEFINATLEY see a head and shoulders!

-The New Guy

LOL

reno4nook · Sep 29, 2005

its interesting to note that Oil has traded down from it's opening price in 15 of the last 19 days.

SethArb · Sep 29, 2005

guess there has been alot of people anxious to sell

from the 68 -70 area ...

and yet so far ... oil keeps bouncing back?

-its interesting to note that Oil has traded down from it's opening price in 15 of the last 19 days.-

gharghur2 · Sep 29, 2005

Quote from thenewguy:

Hey, if you look really close, you can DEFINATLEY see a head and shoulders!

-The New Guy

EXCELLENT !!! LOL

gharghur2 · Sep 29, 2005

Quote from Trend Fader:

Once OIL breaks $63 we will have a head and shoulders top in place...

I would not be heavily long oil stocks right now...

--MIKE

When crude breaks, stocks (not oil stocks) will really move!

Bitstream · Sep 29, 2005

Quote from thenewguy:

Hey, if you look really close, you can DEFINATLEY see a head and shoulders!

-The New Guy

It probably once again has no meaning.

OIL head and shoulders

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