Comments on: A Quick Glance at Monthly Crude Oil

By: Mark

Mark — Thu, 26 Mar 2009 14:30:57 +0000

Crude oil inventories are at a 16 year high folks!

By: pikertrader

pikertrader — Tue, 24 Mar 2009 20:18:38 +0000

I agree Corey, and we could be looking at a weaker dollar. Weakly chart of the $USD looks like it wants to break down. http://www.pikertrader.com

By: Corey Rosenbloom

Corey Rosenbloom — Tue, 24 Mar 2009 16:28:49 +0000

I think odds are good that we could test the “Cradle” EMA Confluence (around $45) on the Daily chart – we are due for a pullback and that level would hold expected support. I can’t envision us going straight to $70 if we make it that far.

By: Anonymous

Anonymous — Tue, 24 Mar 2009 03:51:50 +0000

So no one chance of a pullback to 46 before the jump to 70? we are in the 10th day of just one direction in the oil´s price.