Thursday, 21 June 2012

Oil heading for $68-70

West Texas Oil is warning the down turn in the Global market. Price has fallen from $110 to $78 in just over 3 months.  Remember Oil collapsed from $147 to $31 in only 8 months from mid 2008 to Feb 2009

 
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1 comment:

  1. Longtermview3 July 2012 at 13:12

    New_Sparky

    I have followed your FTSE 100 BUY 5309 since 6th june, 10ema cross 50ema on the 30 min chart but had a quick question.

    This does seem to work very well, but how do you know that the cross on the 14th June, 5456 will not keep going down?

    https://dl.dropbox.com/u/21384991/10emacross50ema.JPG

    Instead it reverses, (whipsaw I believe) and then carries on going up, until another cross on 22nd June at 5575 SELL.

    https://dl.dropbox.com/u/21384991/10emacross50ema%202.JPG

    How do you know when to sell as a simple crossover can sometimes bail you out to early.

    Many thanks in advance.

    Longtermview

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