Replies to post #21547 on The New CS Board

[nowwhat2]

You replied :

"But oil price are heading down on a long term basis.
I bet they dont break the upper down tend line"....

[jumanji0881]

But the recovery is not strong. China, a big consumer of oil, is slowing, Japan is slowing, Europe is slowing, and the data in the US is mixed with retail sales down and consumer sentiment up and layoffs in the oil patch and earnings of some major corporations disappointing.

[nowwhat2]

Why oil is going to at least $40 bucks - *Meant to downgrade my outlook weeks ago - but came down with such a debilitating flu bug - that I just couldn't bother) ha

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111720562



Oh-oh.....That 16yr uptrend-line - That's really sumpthin'



Nice call etalors - Can now see the down trend line which you referred to (is it seen in the 1st chart above ?)

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110013014




I just thought that they'd reverse it - Sooner than that what they're choosing to do....lol.
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