Oil Slick Stuff

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nnuut said:
Yes, they increase the prices very quickly, and decrease prices very, very sloooooowwwwllllllllllyyyyyyyyy! Rats!:mad:
View attachment 1428
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Yeah, go back and see what they did this tiime last year....spring break, factories breakdown.....so on.....but its different this time.....people have just had enough and it will put a hurt on their pocketbooks....you can only squeeze so much out of someone who doesn't have room to manuver....lower spending elsewhere, more housing repos....auto repos.....lower truck sales......lower economics everywhere except at the oil machine............the market will reflect that next quarter.....there is a title for whom that will squeeze like this........and they don't have a big brain.....:notrust:
 
$61.60 ma barrel at 10:48 +.46:mad: :mad: Slick!
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=April&cmonth=J&year=7&currPrev=C

02/26/2007 - Updated 8:42 AM ET
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Crude prices stretch win streakIran reportedly test fires first missile into space over the weekend
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</IMG>By Tomi Kilgore, MarketWatch
NEW YORK (MarketWatch) -- Crude oil futures rallied Monday as concerns over Iran's nuclear program escalated after the country said it test fired its first missile into space.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BC27E9F8C%2D8F12%2D4701%2DB020%2D27780172983E%7D
 
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$60.48 at 08:20 -.91
http://www.nymex.com/lsco_fut_condet.aspx?product=CL&month=April&cmonth=J&year=7&currPrev=C
Dropping pretty fast this morning, may end up below $60, this will encourage investors to take profit, they say.:D

FUTURES MOVERS
Crude sharply lower; Iran sanctions unlikely to hit oil

By Ciara Linnane, MarketWatch
Last Update: 8:36 AM ET Feb 27, 2007

NEW YORK (MarketWatch) -- Crude-oil futures fell sharply early Tuesday as concern about Iran's nuclear standoff with the West gave way to expectations that any sanctions the United Nations may decide on are unlikely to impact Iranian oil exports.
Crude for April delivery was last down 93 cents at $60.46 a barrel in electronic trade. On Monday, the contract closed higher as worry about Iran and wintry weather in the Midwest and East Coast kept prices comfortably above $61 a barrel.
http://www.marketwatch.com/News/Story/Story.aspx?column=Futures+Movers
 
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[FONT=arial,helvetica,verdana]Oil Oil Oil, What about my money?:suspicious: :nuts: :nuts: [/FONT][FONT=arial,helvetica,verdana]
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[FONT=arial,helvetica,verdana]BEWARE THE IDES OF MARCH by Joe Average[/FONT][FONT=arial,helvetica,verdana]
aka Dr. William R. Swagell
February 27, 2007
[FONT=arial,helvetica,verdana]The Ides of March are famously associated as the date in 44 BC on which Julius Caesar was assassinated (March 15th to be exact). The word “ides” is derived from the Latin “to divide” and was part of the ancient Roman calendar denoting the middle of the month and fell either on the [/FONT]
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[FONT=arial,helvetica,verdana]Chart courtesy Elliott Wave International www.elliottwave.com[/FONT]​
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Nnuut,
I find these articles most disturbing. I know nothing of Elliot wave theory, but I believe Birchtree has made reference to these waves before. Perhaps we can ask someone like Birchtree to try to simplify the understanding of this material....
 
I know what you mean, I looked it up on Stockcharts.com one night but it was very involved and didn't have the patience to finish, Yes Birch says he knows the ELLIOT WAVE THEORY.:confused:
 
Maybe they will stop the sabotage now?
And our price better be right!:nuts:

Breakthrough in Iraq oil standoff
Iraq's cabinet has approved a draft oil law which aims to equitably share revenues from its oil revenues among the country's ethnic groups.

The bill - allocating oil revenues between Iraq's 18 provinces based on their population levels - must now be submitted to parliament for a vote. Prime Minister Nouri Maliki called the deal a "gift to all the Iraqi people".
(more)
http://news.bbc.co.uk/2/hi/middle_east/6399257.stm
 
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$60.85 at 09:14 -.61:)


Oil lower on stock market weakness

Traders wary of worldwide decline; stockpile reports due later Wednesday.

February 28 2007: 5:59 AM EST


LONDON (Reuters) -- Oil prices slipped Wednesday after a sharp stock market decline in major energy consumer China the previous day spooked global markets.
But analysts say the economic health of the world's second-biggest fuel burner remains robust and oil markets were in any case vulnerable to a correction lower after the gains of the past few trading sessions (more)
http://money.cnn.com/2007/02/28/markets/bc.markets.oil.reut/index.htm?postversion=2007022805
 
$60.74 at 10:42 -.72 Down id Good!:D

Oil falls after inventory report

Supplies of crude oil, gasoline in-line with estimates; fail to turn around stock market-induced decline.

February 28 2007: 11:00 AM EST


NEW YORK (CNNMoney.com) -- Oil prices fell Wednesday, remaining lower in the wake of tumbling stock markets, after the government reported supplies of crude oil and gasoline that were close to analysts' estimates.
U.S. light crude for April delivery slipped 74 cents to $60.72 a barrel on the New York Mercantile Exchange. Oil traded down 59 cents just prior to the report's release.
http://money.cnn.com/2007/02/28/markets/oil_eia/index.htm?postversion=2007022811
 
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