LOL thats the biggest load of horsesheet i've heard in a long time. Tell that to the thousands of technical traders out there. And.. your 18$ estimate shows how really clueless you really are.
im not talking about russa dufus. im talking about kuwait. Reading comprehension a little lacking there champ
For you technicians out there
crude price soared strongly to cancel the head and shoulders’ pattern , opening the way to resume the bullish trend on the medium term basis, supported by the exponential moving averages 50 and 100.
Breaching the recently recorded top at 46.78 will confirm rallying towards 50.00$ barrier, noting that continuing the expected bullish trend depends on the price stability above 42.20.
50's seem acting as magnet to price.
Since the Feb low of 26.03 , we have recorded only 2 negative weeks. The first negative week was w/o delay countered in the week that followed.
The second negative week was last week. Additionally.......it had tails below =buyers around.
I'm thinking............^_^ Will history repeat itself?
the rubber band gets pulled a little tighter every day. tick tick tick
golden cross should be ringing alarm bells for those that watch technicals.
Do you really trust them to have accurate production numbers? Why do you think there is a rally in oil?
Do you think the market knows something that you don't ?
i was watching the alberta news and it said there hasn't been rain there in 2 month.
They did show a short clip of suncor's operation and its pretty well protected from fire.
They've cleared forest on all sides.
dwti is going down hard. rig counts continue downward trend and canada fires.
On a natural disaster scale its the biggest/costliest natural disaster canada has ever had.