Fundamentally...all I ever hear on CNBC is how much inventory there is in oil. It's stored 'here' and 'there'...and then you hear stories about how a huge part of the Chinese coastline is dotted with tankers full of oil.
Then today Market Club came out with a new DOWN arrow in oil on the weekly. Weekly indicators are much more valuable. Guys...it's free for 30 days...try it. This blog's accounts are doing great, and a lot of that is due to Market Club.
This is the kind of email I get every few hours....
MarketClub Smart Scan Alert for CL.Z09.E Weekly Trade Triangles CRUDE OIL Dec 2009 (E) (NYMEX_CL.Z09.E) is trading at 76.94 +0.59 (+0.77%) and has triggered a new LOW for a Red Weekly Trade Triangle.
CL.Z09.E Streaming Chart
http://www.ino.com/info/191/CD3603/&dp=0&l=0&campaignid=8
CL.Z09.E Chart Analysis Details
http://www.ino.com/info/191/CD3603/&dp=0&l=0&campaignid=8
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