Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Thursday, May 15, 2008
Crude going higher?
The ONLY thing you need to know about the price of crude - you already know.... Eventually it WILL go higher. Bottom line on crude is the Blue 50-day EMA. It has not been significantly penetrated in years. So oil may fall, but will invariably find support at continuing higher levels. And by the way, one well placed hurricane late will catapult the price to $150.
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