InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,572.85
(
0.10%
)
US TECH 100
19,963.60
(
0.59%
)
Dow Jones
39,344.79
(
-0.08%
)
Brent Oil
85.26
(
-0.19%
)
Bitcoin
57,176.48
(
0.83%
)
Post# of 173813
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

kipp440

Send PM Follow Ignore
Followers 36
Posts 1777
Boards Moderated 0
Alias Born 12/30/2004

kipp440

Member Level

Re: None

Monday, 11/05/2007 8:15:24 PM

Monday, November 05, 2007 8:15:24 PM

Post# of 173813
Oil Guess Charts

Oil prices with an RSI of 67 have more room to move higher:

http://stockcharts.com/charts/gallery.html?$WTIC

The P&F says $109 fwiw (ask Len about P&F charts for those who were not on RB with us during the "Low Float Mania".)

Another chart that influences oil prices is the US Dollar. If oil prices are going to tank, the dollar needs one heck of a rally. Look at this chart and ask yourself if you see any near term bottom forming:

http://stockcharts.com/charts/gallery.html?$USD

The dollar chart has an RSI of 30 fwiw.

Toss politics, hedge funds, etc. in the mix and who knows what the price will do!?!?! It will be interesting to see who is the closest.

Kipp
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up