Thursday, March 18, 2010

Chart of the day is...

......crude oil, weekly candle:

Fortunately, I'm not a TA-head. Cos if I were a TA-head I'd be wetting my pants about the cup and handle configuration here and shouting to da moon Alice to all and sundry.

Nah, I'm more interested about Venezuela and Ecuador. Sorry wingnuts, but selling the black stuff at $70/bbl and $80/bbl means neither country is set to explode this year as predicted by the dumbasses. In the case of Venezuela, that makes about five years in a row that reports of death have been greatly exaggerated.