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Tuesday, August 21, 2012

Oil Prices Back To 2008 Levels In TIme For Election??

Crude Oil

Using NYMEX as his benchmark, Kennedy says black gold is going sideways. The range, as he sees it, is between a high of $110 to $115 a barrel and a low of $80 to $75. The real headline is Kennedy's view that crude's move from $32.40 in December of 2008 to today has been nothing but a bear market rally. He's on the sidelines now but if and when crude breaks below $75, Kennedy thinks it's going back below those 2008 levels.

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1 comment:

  1. Guy is clueless. Just another ahole trying to affect the market - and his investments.

    ReplyDelete

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