This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj
Friday, 29 March 2013
Crude
I was wrong to think crude was turning down last week and the monthly candle looks quite bullish....a chart to watch closely the next few days
Thats one hell of a giant bullish pennant.
ReplyDeleteIf it does break to the upside, and hold up, whilst equities slip a little lower, then Crude is going test the 2008 high..and probably keep on going.
$175/200 Oil, sure would not exactly help the struggling western economies!