The smart ones covered 2 days ago. What's left is the over leveraged buffoons that cant read a chart. The News the last week has been over whelming positive. The ARABS mis calculated American industries and know how. The technology , techniques and reserves can bring these guys profits on a lot cheaper oil.
Why don't you grow up and read the news about the new technologies that make Eagle ford and shale the cheapest around for bringing out quick, efficient and lowest cost. ITS the shale that are bringing OPEC and RSUSIA to the table to talk about oil prices. READ REUTERS and other new articles instead of guessing.
Closing Price above/below 50 Day Moving Average Bullish
Closing Price above/below 200 Day Moving Average Bearish
50 Day Moving Average above/below 200 Day Moving Average Bearish
RSI Reading Level (70) N/A
MACD Compared to 9D EMA Signal Line Bullish
the charts say buy as the five day tells the story. This is going to triple.
they are not fooling any body
we were over 3 dollars less then a month ago. We are going much higher with these shorts as fuel
its in the charts and momentum. Goldman said oil would be 200 dollars a few years ago. They over react both ways. RIGHT now they look like idiots and somebody is with out a job. Check out the advancement made in the industry to control and lower cost. These companies cam give the middle east a run for their money with out the shipping cost. The sector is not going BK. Just the shorts.