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Re: Honky1186 post# 595

Thursday, 01/11/2007 6:12:42 PM

Thursday, January 11, 2007 6:12:42 PM

Post# of 3578
I'm reposting my message from the Raging B board here

since you guys bought it up, here's two charts of crude oil and gold:

First off crude oil:

Here's an 8+ year weekly chart of crude oil, as you can see, there is a support uptrend line going all the way back to late 1998. The uptrend line appears to be somewhere in the high 40's; $48.5 is my guess:

remember to take the spaces out of the links:

http://tinyurl.com/ybym4d

Next, gold has mega support at the 65-week MA, period, which is current at about $587.

http://tinyurl.com/yc6d4g

--

By the way, VERY nice day for GRSR. The 50 MA is clearly support, hopefully it will break a dollar soon, maybe tomorrow. The Stochastics are finally turning up again, which is positive

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