Wednesday, May 19, 2010

Chart of the day is...



...crude oil futures, weekly candle.
I'm still trying to work out whether I should be as concerned as Ecuador's FinMin about this downmove. On balance it's not that worrying (and in a longer term points to better profits for PM producers).

Meanwhile Dr. Copper revisits "the twos". So much for my daytripper theory (and mark up one point to the Garydude (UPDATE, who rubs it in with style :-)) but it does give me the excuse to embed one of the best opening riffs in rock music.