I haven't exactly been reading every post on here, but I get the feeling that one important factor is being overlooked.
In the recent weeks, have people not noticed the direct relationship between each time the Israeli's open their mouth and spit all this crap about attacking Iran and each major oil price hike??
Demand is one aspect that has driven up the price of oil but instead of pushing for more offshore drilling etc etc Mr Bush would achieve a lot more, a lot quicker by shutting the Israelis up.
I dont think there is anyone that could argue against the fact that the oil price would fall significantly if the recent Israeli rhetoric was put to rest.
All these predictions of what the charts might be indicating for DJIA, ASX, Oil, gold etc etc and where the resistance levels exist will turn out to be absolute BS if this major middle eastern disaster is allowed to eventuate.
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