Wednesday, October 06, 2010

Crude Oil

WTI Crude Oil Weekly Chart

Watch out!17 months of consolidation where crude oil traded between 60-87 may be over. There is a possibility of it breaking above 87 this time. If the price goes up too fast, we are gonna have another recession.

Election time is coming, will rising crude oil (therefore rising petrol price) be the factor for a change?

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