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On 9-14 at the 29.91 high - Dec Crude Oil
met 29.14 upside targets given on August 2nd... & reversed within 3
trading days as typical and gave downside target which has been met....but has
unfulfilled downside targets...
Energy complex futures contracts go off the
board a month early.. so next week is the last week for Nov
crude... so it will be interesting to see if these targets can be met
within the next 9 trading days. New targets : 19.65
19.59 19.18 .. Three targets in same price area does
make them higher confidence targets.... my question is the narrow time window in
order to be met........ Dec Crude target given right off
top 26.58 was met but has following targets : 20.55 (9-26 low
20.75) 17.90, 16.95
If the war expands to Middle East and energy
source is cut off... the recent
Putin/Bush connection appears to be a win/win
for both countries. Allegedly OPEC has contacted Putin complaining about
Russian cooperation and that the Russian's position is that they view this as
not only a much needed potential economic opportunity but also an opportunity to
improve their relations with U.S.A. . .. So the 911 tragedy
could end up being the undoing of OPEC brethern.........given weak global
economy and improved Russian/USA relations
<A
href="http://www.quote.com";>http://www.quote.com Nov
Crude CL01X Dec Crude CL01
Z
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