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CLX22 – November Crude (Last:85.55)

By Rick Ackerman Posted on October 16, 2022, 5:13 pm EDT Last Updated October 22, 2022, 8:32 pm EDT

As last week ended, crude was poised to slip into a vast void beneath two important ‘structural’ supports that lie, respectively, at 85.56 and 85.42. The November contract briefly traded beneath the lower of these numbers on Friday, but the subsequent bounce has been too weak so far to suggest it will hold aloft. There is no support between here and around 81.20, the approximate middle of a consolidation zone creating at the end of September. There a crucial test awaits, since further slippage into the $70s would undermine bullish confidence, such as it is.

  • Len daquino October 17, 2022, 9:15 pm

    Just keep on going eh . The biggest conman and I have seen em all . Et tu Rick . Sure will boy I’m an American guru

    • Rick Ackerman October 17, 2022, 9:32 pm

      Well, Len, you did say in your original post that you didn’t want to be rude. But then you wished me dead, or at least seriously ill, and so I took the liberty of excising the nasty bilge from your rant. My bat, my ball, my stadium: Surely you didn’t think I’d let you insult me and my readers in this forum, especially over something as trivial as (I am supposing) our political differences? One thing I am surely not is a ‘con-man’, a fact to which everyone who knows me or has done business with me would readily attest. I’ll let your comment stand, however, since it makes you look so stupid, a childish abuser of ad hominem.

      ps: What’s the deal on Australia’s sudden embrace of fascism over something as dumb as covid masks? We Yanks used to think Aussie men were all like Crocodile Dundee? Is it just your leaders who turned fascist, or were guys like you on fully on board from the start with the woke movement?


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