Saturday, October 17, 2009

Oil Analysis

Interesting chart on Oil...78 to 79 was my target. We are here...maybe we get some selling or a pullback here - it certainly seems like a good place for it. But since everything revolves around the dollar and the dollar needs some emotional selling the upside targets shown on chart could come into play. If that were to occur then we could also see Gold and Silver targets an aside, a pop in these commodities does not need to be confirmed by the equity or bond markets.

below is a larger on it for a sharper view.

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