CHART ATTACK - Longs and Shorts. (epic char)
(CHAR)
goldfinger
- 12 Jan 2010 20:42
A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts can also to be included in posters analysis
doubtful; it's not in their interest ..... in fact, though there isn't a direct correlation, we have seen a distinct strengthening in demand for oilfield development in saudi in recent months
FTSE - stay out until further notice or momentum back above 5600
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hali - nothing in this life is impossible, but i recollect that saudi bases its budget on oil at $85 and a (much) higher price obviously suits them well internally ..... the counter-balance is what happens to world economies if oil is at say $150
cynic you have not forgotten the political factor, a fall in the oil price will significantly increase economic pressure on the Iranians to abandon their nuclear ambitions, as far as $150 is concerned if they allow that to happen they would be shooting themselves in the foot as well as the "goose".
2 new charts added to BULLISH TRENDING CHARTS tonight...... AEP ETI.
Will give benefit of doubt to existing ones under these market conditions but if they prevail weighting towards BEARISH TRENDING CHARTS wil increase and has done tonight.
new BEARISH TRENDING CHARTS......... KGI SKS SYR GPX all added.