trend keeps reaffirming itself, some major players wont let it die.
friends in the next dept. called a TP top yesterday...*shrug shoulders*
trend keeps reaffirming itself, some major players wont let it die.
amazing...
Oil is just steam rolling everyone whos trying to short it, after a certain number of pivots and resistance levels break to the upside, a runaway psychology market is created. And this is what the major specs may be looking at, this runaway scenario creates immense liquidity for them to covertly exit.
there are a great deal of forces at work in the world, more powerful then what most can imagine. Rebellions, pipeline explosions, wars, seem to all coincide at the right levels. Major inflows into Russia of capital from energy, has saved that country from falling into a severly nationalistic state. And this may be the ultimate design of why oil is at the current price it is.
The market of the real estate is shaking in the USA...and consumption remained high, that immensely increased debts in the USA. To decrease the consumption somehow, one needs to send prices up and to break the economy. As there is a financial crisis at hand, it is impossible to increase rates for a fight. Here oil was begun to buy up killing two birds with one stone. Firstly blowing bubbles of the real estate away and rescuing assets by diminishing demand. And demand for oil in 2007 decreased as compared to 2006 both in China and in the USA (there is documentary confirmation)...
Oil flew up.
When will it become clear that consumption collapsed? An oil price will fall down.
And about Russia.
In the commodity structure of Russian export to the far-abroad countries the specific gravity of fuel and energy products in January-September of 2007 made 67% from all volume of export into these countries, against 70,5% in January-September of 2006, press-service of Federal Custom Service reports. Physical volumes of oil supplies for 9 months of 2007increased on 3,7%
Russia more and more exports not only energy y resources.
ties in well, with macro engineering of multi year cycles.
friends in the next dept. called a TP top yesterday...*shrug shoulders*