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Worden Discussion Forum » Members » jabatty

Profile: jabatty
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User Name: jabatty
Groups: Gold User, Member, TeleChart
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Joined: Saturday, January 29, 2005
Last Visit: Tuesday, March 17, 2009 11:00:27 PM
Number of Posts: 2
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Topic: The resistant is not at 2093,68 - It is the oil price $55/Br again - Check this article closely - co
Posted: Friday, March 25, 2005 1:53:19 PM
I think stock traders are placing too much emphasis on daily fluctuations in crude prices. The industry, itself, doesn't do its business (drilling for and producing gas and oil based on daily fluctuations. They base their business on the trend. So should traders. The important thing that that the trend is up, not whether the spot price of crude went up or down $1.00 today.