Wednesday, August 17, 2005

20050817 Big seling candlestick, must be a lot of long liquidation, especially from those dog piled into the crude oil for the 'long of the century'. 99% of experts predicted US75 to 80 per barrel last week. Yes it may come, but not so soon. With the high US67.10 last Friday, a good point of entry of long position might be around US61.j00, the symmetry support level. Posted by Picasa

Crude Oil futures chart

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