Crude Oil... Long term support / resistance around the $75.50 level. It has broken through then fell below support and trying to break higher... If oil doesn't head to $100 (which everyone is expecting) and for some reason falls below this support level then I will look at shorting that sector of the markets... What reasons for a drop? Slowdown of the economy would be the main trigger... because of interest rate increases?
Other's thoughts?
XJO - Bear Posts only (Factors which might cause the markets to fall), page-17
-
- There are more pages in this discussion • 22,297 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
8,474.9 |
Change
-30.600(0.36%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,505.5 | 8,505.5 | 8,421.1 |
| XJO (ASX) Chart |