Wednesday, October 22, 2008

Oil is Going Down to $25 or less

Well, that's my gut-feeling prediction for the price of a barrel of oil when it hits its low point this time around.

Meanwhile, Bespoke Investment Group highlights a Fibonacci Retracement chart of oil since the low of $16.70 that it made in late 2001 and Chart of the Day showcases an inflation-adjusted chart of oil since the 1970s.

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