Thursday, January 04, 2007 4:12:06 PM
WB, OIL is broken below the recent support. The recent hype is just speculative hype which was driving up the oil price 80.. for now it is done.
Would wonder the reasons for the bust except for speculation. "Angola" in OPEC would be a factor? less demand?
It closed below monthly 50ma.
For now, it is a pull back, but remember it was in 20s.
Would wonder the reasons for the bust except for speculation. "Angola" in OPEC would be a factor? less demand?
It closed below monthly 50ma.
For now, it is a pull back, but remember it was in 20s.
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