Crude Oil Tar Sand Companies

[NYBob]

BQI - CRUDE OIL Oct 2008 (NYMEX:CL.V08.E) -



October crude oil closed sharply higher on Thursday
and above the 20-day moving average crossing at 119.03
confirming that a short-term low has been posted.
Today's rally was triggered by rising tensions between
the U.S. and Russia.
The U.S. objected to Russia's invasion of Georgia,
while Russia was upset by Poland's agreement to host a
U.S. missile defense system.
The high-range close sets the stage for a steady to
higher opening on Friday.
Stochastics and the RSI are turning bullish signaling
that sideways to higher prices are possible near-term.
If September extends this week's rally, the 38% retracement
level of the July-August decline crossing at 125.48 is
the next upside target.
Closes below the 10-day moving average crossing at 115.22
would temper the near-term friendly outlook in the market.
First resistance is today's high crossing at 122.04.
Second resistance is the 38% retracement level of
the July-August decline crossing at 125.48.
First support is the 10-day moving average crossing at
115.22.
Second support is the 62% retracement level of this
year's rally crossing at 108.98.

The Herald has learned that billionaires Bill Gates -
and Warren Buffett paid a quiet visit -
the Alberta oilsands, Monday -

Canadian oil sand equals U.S., Russia, and UAE COMBINED! -

Watch the video -

http://tinyurl.com/5w52nj

BQI - black gold with grit bargain -

http://tinyurl.com/5hdzp8

God Bless America