The Chart du Jour

The Rhythm of Oil

November 19, 2000

By, Barclay T. Leib

Back on September 6th, we prognostigated that the front month crude contract should reach $37.22 and then fall. It did so in a most rewarding fashion. Since that time, however, prices have made two further forays to the upside that have led us to reexamine the Fibonacci rhythms at work here.


Chart constructed using Advanced GET End-of-Day

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