Re: WTI at 200 day average
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Message: Re: WTI at 200 day average
Chart is showing the H@S formation (very bearish
Yes you could be right.I have these chart and here we are a little of from the 200 ma but we are heading to.
Chart is not in a good shape and I wouldn't be supprised if oil goes to the 80 level where the 200 ma is right now.But based on the H@S formation a drop to the 75 could also .You have to take the baseline and the top which is around 100 -87 =13.points .
So if things goes worser on the ecomomy level it could be possible.
First half of 2008 will be though i think .Not a big support for CLL as well.
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