Oil looks like its going to try for $66 but the lower end of the second chart is in the $40s. Oil going back to the $40s means we'll need to look at a monthly chart. I'd like to see a 'market profile' of oil going back 10/20 years to get a better grip if oil is headed to $20 a barrel or $40. Any help is appreciated thank you.
Remember Saudi Arabia is USA's #5 exporter or oil to the USA. Canada is Number #1. So TSX will be the next report.
http://stockcharts.com/charts/gallery.html?$USD:$WTIC
-KBANTZ |