NYMEX:CL1! Light Crude Oil Futures
So we failed the test, back down now, signalling another move, IMO down, lets see if we break down thru the previous low. watching effects on dollar strength. The Pound seems to have the most relevance now, but watch out for china, they are actively playing a card game right now, messing with international debt ratios to keep capital flight from happening, which would cause them to devalue quickly, and big. We have seen all that before, and we know the effects on oil and . Oil traders all have different support numbers, and all are different, which tells me no one really has a clue, even me. So as go, oil goes oppo the dollar, for now. Hope everyone profits. BTW , are way overvalued, artifically inflated, and in never never land. If you are a , you better be ready to change that suit in a second's notice, as I am sure most big money houses are. Oil will be like an anchor dragging down, if we fail certain levels.