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CL : when will rangebound prices stop ?


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CL : when will rangebound prices stop ?

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  #1 (permalink)
portland, OR
 
 
Posts: 50 since Nov 2009
Thanks: 5 given, 22 received

So CL has been in a tight 4 point range since the last week of Oct...

Looking for opinions about why this might be happening, specially considering all the crazy stuff going on in the middle east (iran, syria, egypt, etc).

And also, I'm wondering if anyone wants to venture guesses as to how long this will continue...

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  #3 (permalink)
portland, OR
 
 
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here's a visual for what i mean ...

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  #4 (permalink)
Munich, Germany
 
 
Posts: 285 since Apr 2012
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It will end this week

... so, good timing with your post!

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  #5 (permalink)
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karoshiman View Post
It will end this week

... so, good timing with your post!

Yes I kind of agree to that too
Due to the fiscal cliff's talks and potential war in the middle east or south east asia, I remain very vigilant on CL as any news of this type will shoot oil prices to the roof!

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Last Updated on December 9, 2012


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