Thread: Oil Tumbles as Signs of Slowing Economy Spur Commodity Selling

Originally Posted by Spin

Originally Posted by lannarebirth

Noneof that means it won't go back to this level (or higher) in the future if true market dynamics warrant such a move. That is not extant at present, thus the selloff.

Do you have any confidence in the authorities in their quest to close the loopholes that allowed this price manipulation in commodoties?

the loopholes have been closed already(very recently). It is only for the bourse to administer the new rules. Thusfar they have not, but the market is selling off in the anticipation that they might. The bourse would rathe not apply the new rulessthey havebenefitted quite a lot from the "dislocations" in the market. remenber, everything in the west is a business. Sorry for misspellings and other suff, i'm having a drink or nine this evening,

Originally Posted by Spin

CRBs down 10% this month now, bleak isnt it?

Next possible targets are as follows. It will fetch up on one of them:

$CRB - SharpCharts from StockCharts.com