worth reading this about oil price

  1. 37,286 Posts.
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    hi guys

    i posted this the other day...get ready to rock & roll

    StockAnalysis

    STOP PRESS

    Oil Price to Move to US$85/bbl by Early May
    Despite high levels of petroleum product inventory in the USA, the crude oil price looks set to move higher. Brent crude has been bouncing back from US$67 in a rising wedge since 1 September 2004 and may just breach that level, setting a target of US$85/bbl.

    If my prediction, based purely on chart action, comes to be, there will be a massive shock to global growth which could well signal the top of the market for commodities and thus the whole stock market, including oil explorers but largely excluding for oil producers.

    Subscribers are advised to cash up but hold oil producers.

 
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