Is Crude Oil About to Crash the Markets?
By: WavePatternTraders
Market Oracle
Feb 26, 2012
Do I or Don’t I?
I decided not to bother, what you ask? writing more of the same about the US stock markets, It don’t need a genius to write that the US stock markets are in a coma and stuck in the ICU room waiting to come back into the real world. Although nothing has really changed from the current ideas I am reluctant to post more of the same stuff when nothing really has happened.
I can write some interesting articles when the markets actually move. So I personally would rather write about something that might be of interest to readers.
Oil
How will oil, or should I say how can oil crash the markets? And I might add the economy.
I started looking into this idea a few days back and it sort of clicked as to why oil has rallied back in sync with stocks again.
There appears to be a point with oil, that when price pushes back about that area things start to crumble, I think it’s the $100-110 area.
I don’t think the world can support oil at $100-110, much less the US economy.
The Rest…HERE
