Friday, September 19, 2008

Oil Up $6 to $104

Somewhat lost in the mix today is oil's rise of $6 back above $100. As shown in the chart below, however, the commodity is still in a solid downtrend. For oil to break its downtrend, it needs to move and close above the $108-$109 level.

Oiltrend

No comments:

Lunch is for wimps

Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.