Posted by darnelds on 10th of Dec 2014 at 04:54 pm
Like they stepped in since $112.00? I'll go by the charts
instead. A case can be made for support at 200 MA @ $62.50 or
various degrees of chart support at 60, 50, and 40.
Government and OPEC will act after the trend is over - after dozens
of oil producers are bankrupt.
http://stockcharts.com/h-sc/ui
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$40.00 here we come.
Crude Oil Drops Below $62, Inventories Grow Crude Oil (WTI) continued ...
Posted by darnelds on 10th of Dec 2014 at 11:50 am
$40.00 here we come.
I would not bet on
Posted by jdaswani on 10th of Dec 2014 at 11:58 am
I would not bet on that. US Gov't will step in before that..Opec will take stand mid 50's Oil
Like they stepped in since
Posted by darnelds on 10th of Dec 2014 at 04:54 pm
Like they stepped in since $112.00? I'll go by the charts instead. A case can be made for support at 200 MA @ $62.50 or various degrees of chart support at 60, 50, and 40. Government and OPEC will act after the trend is over - after dozens of oil producers are bankrupt.
http://stockcharts.com/h-sc/ui