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hiker

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14:42  COMDX Nymex Energy Closing Prices

Crude closed the session off $2.68 to $88.63pbl and nat gas ended lower by 14.9 cents to $7.303mbtu. Dec heating oil, which expired today, closed off 7.43 cents to $2.5028/gal while Jan heating oil ended lower by 6.62 cents to $2.5129/gal. Dec RBOB, which also expired today, settled lower by 3.92 cents to $2.2256/gal and Jan RBOB finished down 3.36 cents to $2.2321/gal.

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hiker

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chart by "Footquarters" for WTIC -

http://investorshub.advfn.com/boards/read_msg.asp?message_id=24945480

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hiker

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Gary's quote from link below (from my steady read of Gary's work, he seems to be generally bearish on energy prices in his predictive views)

http://hedgefundmgr.blogspot.com/

The 10-year swap spread and G-7 currency volatility index are falling meaningfully again today, which are also positives. The US dollar continues to trade as if at the very least an intermediate-term bottom is in place. This, combined will decelerating global demand, should also continue to pressure most commodities over the intermediate-term.

weekly scoreboard -

Futures Spot Prices
Crude Oil 88.71 -9.65%
Reformulated Gasoline 223.06 -9.51%
Natural Gas 7.30 -8.85%
Heating Oil 251.50 -7.37%
Gold 789.10 -5.13%
Base Metals 224.93 +2.81%
Copper 318.45 +5.12%



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hiker

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Reply with quote  #4 
one more chartist's view on crude -

http://investorshub.advfn.com/boards/read_msg.asp?message_id=24956773

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hiker

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Reply with quote  #5 
intraday



Noted this morning that the Jan contract was testing a support zone at 87.41/87.25 in pre-market trade. This marks the 38% retrace of Aug-Nov rally, Mid-Oct high and is just under its 50 day sma at 87.82. The contract slipped as low as 87.29 in regular trade this morning and has edged slightly higher.




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hiker

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intraday

12:27  OPEC PRESIDENT SAYS EXPECTS OIL DEMAND GROWTH IN 2008 AT LEVEL SIMILAR TO 2007 - UAE NEWS AGENCY - Reuters




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hiker

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intraday

13:55  USO U.S. Oil Fund ETF jumps higher intraday into positive territory above Friday's close of 69.58 (70.21 +0.28) -Update- -Technical-

Price action had corrected last week, bringing its 50-day moving average support into play earlier this morning.




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hiker

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Reply with quote  #8 
Oct 17, 2008 chart update -

article - Was "Peak Oil" a hoax? -

http://seekingalpha.com/article/100670-was-peak-oil-a-multi-billion-dollar-hoax?source=yahoo


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