Πέμπτη, Ιανουαρίου 18, 2007

Light Crude Oil - Continuous Contract


Commentary:The recent weakness in oil prices has brought about many questions of when with the declines will come to an end. As you can see from the chart above, oil prices have moved sharply lower since the highs made in mid 2006, and i think that this downward momentum will continue. The long-term trendline, which i 've drawn on the chart, will be used by many traders to suggest that the bears may not rest until they push the price down toward the support near $45

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