March 3, 2009

Oil prices won’t stay for long

Story link: Oil prices won’t stay for long

The economy is in a confused but dangerous position, so no individual is particularly in a position to be looking forward and accurately predicting where the markets will go.

One thing is for sure though, Oil prices will not stay stable for long, and once support/resistance breaks, there will be a major change in the markets.

Oil prices won’t stay for long

My question is why does it always have to get to that point?

Take the most recent run-up of oil prices, when crude hit $147 a barrel and gasoline was trading around $5.


 

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