Thursday, August 18, 2005

Crude Oil

Here is an updated hourly chart of the October crude oil futures. As I said in this mornings guesstimate I think the market will soon reach the bottom of its current box near 64.50 and then rally a dollar or two. I also think that the top earlier this week marked the end of the long bull market in crude (ed: He's said this before and was wrong!).

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