Thursday, 24 February 2011

Oil - Deja Vu 2008

It feels like oil is behaving like it did in 2008.


Press is extrapolating oil to cross north of $200.


It was the same sentiment we saw in 2008 when oil was nearing $140.


It feels like we may see a spike ( may be parabolic ) and then oil has a high probability of crashing down.


Let us keep an eye on this.



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