has oil bottom? what does the oil chart is saying?
the oil chart has the positive no on bottoming. at best it is attempting at bottoming process.
have u heard of Oil and Gas company fold? not yet.
a proper bottom of any industry has to see M&A. so far none.
if the chart is any indication, oil may rebound near 40 and then go below 20. its a long process this time.
what u r seeing now is the Mega short covering of everything from stocks to oil to currencies. once this is over, there will be another new chapter to deal with.
my 0 cent opinion, if u dont agree, no need to shoot me. go bang the walls.
(My comments: Make sense. Found in i3investor forum)
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