thanks for the feedback tcg.
14/09/2010 - Hourly candle chart (source Commsec)
On this day, the bear advances in a very low volume. In the last hour, initially bear opens one pip lower but bulls regained control and opened higher. Limited opportunity for ST/DT to play.
1000H-1100H
Stalemate, OHLC = 6.9c, V=1,445,689
1100H-1200H
No trade
1200-1300H
Bear advances one pip OHL = 6.9c, C=6.8c, V=492,175
1300-1400H
Stalemate, OHLC = 6.8c, V=2,595,308
1400-1500H
Stalemate, OHLC = 6.8c, V=423,785
1500-1600H
Bull advances one pip OL = 6.7c, HC=6.8c, V=166,667
On another note (from another thred),any regulatory actions that will affect the cost of oil exploration and production (in regards to environmental safety) will definitely affect the price of oil in the future. In the long term, add the inflationary effect of all economic bailouts (decrease purchasing power of US$), how will this affect POO? NORTHWARD!
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