XEJ there is a bull flag there is a inverse head and shoulders within the bull flag the mainstream is doing everythging to talk down oil price and talk up drilling while oil is peaking and exploration is falling due to low prices im very unconvinced oil is going to drop to 50 ro 40 a barrel.. 60 is the new 40 given the debasement of currency in th elast 5 years reserve inventories are not increaing.. despite what the real economy has been (not) doing\... compared to fudge numbers from central banks and governments.. next they will tell us we are in a recession when its already priced in.
i bought some oil company shares today.. i could have bought it exactly at the low but i wasnt sure if the support line would hold.. it looks to me to be bouncing
XEJ
WDS Price at posting:
$20.82 Sentiment: Buy Disclosure: Held
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