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Why oil is ready to plummet
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Monday, September 28, 2009
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From Market Folly:

We haven't looked at crude oil in a while from a technical perspective so we figured it'd be worth a look as the guys at MarketClub analyze it in this crude oil video.

They highlight a trendline in crude from the lows in March until September. They note a trend break here just recently which signals crude could trade lower in the near-term.

Read full article (with video and chart)...

More on crude oil:

Oilman Pickens predicts $300 oil

This commodity will get hammered if the dollar rallies...

Brazil finds another giant oil field... this time 2 billion barrels

Topics: Energy | Commodities
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