Friday, August 15, 2008

Crude Oil fails to rally

The Sept NYMEX crude oil contract failed to make a new high, missing the high the day before by 4 cents ($117.42 vs. $117.46 on Wednesday). It may sound silly, but 4 cents is all the world—it means bulls failed. The price obediently closed down 99 cents at $115.01.

Bye For Now

Barbara Rockefeller

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