wednesday wranglers, page-3

Morning all... I've been "UnPlugged" for a bit as the sunshine is just too appealing.

Adding to the discussion from last week about commodities returning to a base line, below is a daily oil chart. Back's up Volt's side of the argument nicely. Almost back to support and that is a textbook parabolic curve. I can't remember who it was that called 147 a short as it was a blow off move, but I hope they made a motza.

If only the aussie dollar hadn't been hit so hard, our petrol prices might be back under a dollar. Oil company's must be doing ok too.

Bubble is burst.... and now deflated. I would expect to see it level off for a while but volatility is still there so it's still tradable.