CVN 10.8% 16.5¢ carnarvon energy limited

Positive Movement, page-77

  1. 19,172 Posts.
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    Windsor.

    Pretty obvious 'double bottom' at 32 where stop losses would be too easy to exploit. 
    Personally, I don't think it will get quite that low.

    Should it break through that though, major technical support sits at a scary 21c. Yikeseek.png.

    In my opinion though, the Saudis and their mates are playing the oil price like a grand piano. Selling the hard oil is not the only place these guys make their coin. Why not punt the actual price, when you can control the friggen thingwink.png.

    Looking at the crude oil chart, it looks like last night hit a pretty significant longer term support line. In my opinion, enough fear has now been sold for all the puppeteers to fill their boots and now we'll see a significant and sustained run.
 
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