bell potter target .87, page-15

With an over regulated market in China it makes it difficult to predict what may happen opposed to the traditional markets.

I am bearish on OIL as I have been watching the price movements on a daily basis and I dont see any slow accumulations, more like rash buyers and sellers.

With huge price fluctuations and spiralling movements I would have to say that speculation in this market is brimming over.

Sure I agree with the demand/supply model that supply has had problems at times meeting demand. The ongoing concern that the US is off 3% on demand in the last year when it was expected to grow by 1% a year.

120 is the support level atm but overall if we see a move below this level then it's likely to move down to the 100 level, maybe further.