Black Tea
Thursday, November 19, 2009 at 8:14AM Oil has been very interesting lately, it has been consoldiating between the $80 and $77 after it's run up from $72. Oil is now forming a flagging pattern that could potential break out sending it to $92. Right now it is hard to predict where oil will go, indicators are netural and the price action has consoldiated. Putting money on either direction is a gamble, wait for a break out of $81 or a break down of $77. Which way oil goes could predict where the market moves as well.


Reader Comments