with increasing RSI
values, this could actually be bottom support in September. Where we flush out the remaining soft oil
companies that teetered on the brink but survived last low. Could be very ugly for them, and the big boys swoop in and gobble them up for "pennies on the dollar". Contracting world economies from the euro
mess and slow down, dollar strength, oil
cannot stand up to that pressure, demand slows. The perfect scenario for lower oil
, and the what a real double industry bottom requires. Your welcome.