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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Like they stepped in since
Crude Oil Drops Below $62, Inventories Grow Crude Oil (WTI) continued ...
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