Value Microcaps Junior Energy

[bbotcs]

kipp440: Richard Suttmeier on NYMEX oil: "Nymex Crude--($79.89) Annual and weekly value levels are $77.05 and $72.93 with a daily pivot at $78.95 and semiannual and monthly risky levels at $83.94 and $84.74.As long as Crude oil has weekly closes above my annual pivot at $77.05 the upside is to my semiannual and monthly risky levels at $83.94 and $84.74."

This was from his weekly email. My personal opinion, which is worthless, is that oil prices are up on a techical correction. My bet is that they'll float back down to the low $70's near term.