head shoulders forming

  1. 7,063 Posts.
    oil heading lower .. possibly < $80

    scenario 1 - Opec decides on production cuts, oil rises, World economy into recession, Opec says one thing but keeps pumping, oil tumbles.

    Scenario 2 - Opec keeps current quotas, oil declines, World economy oscillates between sick and recession, 2nd quarter oil demand slum causes oil to fall further.

    Oil @ $80, world economy starts to recover.

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