Day Traders, Penny Stocks, Stock Options, Futures and Forex

Does anyone like crude oil down here?

i think crude takes off to $80 at least if the dollar falls out of bed. it has already broken key support

GS forecasts are for $80-85 dollars a barrel. They will keep putting clients in till it reaches that point, creating support on any selloff. Many firms follow the lead of large firms like GS, giving further support.

looks like it may take a pause, and maybe run back to 50- 60$ a barrel

now that the markets seem to want to retrace we can expect a pull back in Energy prices

the markets and oil went in opposite directions today. Oil has really fallen off since I last made a post on this thread. I should have put some money behind my thoughts

yea, the US dollar index is at its lowest level this yr, and is making it cheaper for non dollar countries to buy the same amout of Crude, thus effectively increasing demand, and increasing the price. also, a nice bounce off the 50d EMA, the same way as its been supported of late

i think we stay rangebound here, unless the Dollar really Poops the bed. looks like to be in a channel in the high end of $72.50/$75 and a low of $60/$62.50

were approaching the top of that channel. I might take a short near the close if we stay near 72

crude also up today on the weak US dollar. Its good to be in real assets with all this funny money being printed