Saturday, November 18, 2006

WEEKEND CHART OF INTEREST



Above we have a 2 1/2 year weekly chart of the XNG, OSX and XOI oil groups... Notice how the XNG is the only group to break high while the XOI and OSX have not...This sets up a POTENTIAL shorting opportunity.. The weakest group appears to be the OSX...IF and I mean IF, the oil markets begin to roll over, the OSX should be the group that gets hit the hardest..

Posted by Kevin

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Money-Making Ideas

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites