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Re: Oil and Silver/rabbit *PIC*
In Response To: Oil and Silver *PIC* ()

Crude is still holding its long term uptrendline. And price has come back to a lot of previous support around the $90 level. It doesn't look like something that wants to fall out of bed. (like Coffee) Seasonal trend charts show strength from mid June to mid July and then a sharp one week selloff into the 3rd week of July and then a rally from there right through August. Normally you don't see seaonal trend charts show a one week plunge using 5yr and 15yr and 25yr charts. Very odd as seasonals are trends not normally so exact with a week or two. But looking at all the evidence it doesn't look like a market that is going to selloff. The proof of the pudding is price holding above $90 I would think.

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Re: Oil and Silver/rabbit *PIC*