Wednesday, April 28, 2010

$CRUDE - Daily Market Thought 280042010

Crude double top at 87 actived target 80.40. Can we have here bearish formation "Bearish wedge" or ascending channel. Wedge target 69.50 if this is a ascending channel low of the band 73.
But for now we will focus this update short-term view. Key number short-term range 82.12 (EMA55) and 80. Above this area trend bullish for now. Breakout downside 80 we would see 76.50 Continuation will give 73.
Resistance short-term 84.14 and 85.22 resistance medium term 92.
Click to zoom in. Good luck folks.



  1. Obama Bashing is Not Necessary

    And that is not my point. My point is:

    1) Our leaders are either clueless, or
    2) Our leaders have found some way to rationalize to themselves that telling lies to their constituents is what is necessary to "protect them", or.....
    3) Our leaders are pathological leeches that will throw us to the wolves--and pick at our bones themselves-- to better their position in life or increase their power and sense of self-worth.

    What say can you not respond to those 3 choices?

    Stop by and cast your vote--

  2. I wonder how the big oil spill will affect oil company stock?

    I guess this one well won't make oil scarce and pricey, but could pit the citizens against oil companies...forcing more regulation, etc.


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