Thursday, August 10, 2006

Master of the obvious










Lower oil implies weaker demand, harbinger of recession?

Weak













Since the July lows, the new highs have been few and far between. A sign of a weak "rally.: Will the bottom drop out of the market soon? ...just like 2002 and 1998?

Monday, August 07, 2006

Oil breakout looming?










With the recent shutdown of certain Alaskan oil fields which will have a greater impact on oil...weakening demand or declining supply? Is oil on the verge of a breakout to $100+?

One thing is certain, once USO clears $75, where it stops will be anyone's guess.

 

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