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Author Message  ann Member Username: ann Post Number: 1056 Registered: 04-2004 Rating: N/A Votes: 0 Tuesday, January 24, 2006 - 08:22 pm:     ....and the chart....  ann Member Username: ann Post Number: 1168 Registered: 04-2004 Rating: N/A Votes: 0 Monday, February 13, 2006 - 01:23 am:     One to watch......? The oil price may have some pressure on it, as the weekly price appears to be retracing from a double top. Incredible Charts Free Charting Software Auto-Fit Trendlines Trend Channels Linear Regression Channels Raff Regression Channels Standard Deviation Channels  tryhay Member Username: tryhay Post Number: 1068 Registered: 09-2005 Rating: N/A Votes: 0 Monday, June 09, 2008 - 09:26 am:     Some time since this one has been discussed as a short (see HC's posts here <http://forum.incrediblecharts.com/userscripts/forums/show.plx?tpc=316907&post=125630>) The popular culture is full of skuttlebut from them who know (hedge funds & brokers) about oil going to ~$150 withing month, so it must be time to short (or very soon) However, despite oil surging $10/barrel take note of the movement of the following NYSE stocks on Friday... Exxon mobile: -2.83% Royal Dutch Shell: -0.8% PetroChina Co. Ltd: -4.44% Cheveron: -0.49% BP: -0.75% Yes I realise the Hurricane season is occurring in the Gulf Of Mexico but oil has been enjoying a Bath (of the bubble type) and Volatility is increasing in both WTIC & WPL. WTIC Daily chart: Does that look like a sustainable spike? WPL Daily chart: Looks like a top forming (and is that some negative divergence on the MACD ~ looks like the traders have left the building so the retail investors can pick up the pieces). BTW where is Ann? Happy trading DYOR

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