watching lines

Oil Goes Limp

jjason, You contribute nothing.

Take your Spam elsewhere.

A Crude Sign of the Times

Interesting comments. However, a look at most all of the commodity charts, like the one above, shows a bullish divergence in the MACD and RSI. While 100 may be a good test for a low, I don't see it in the near future chart-wise.

For an interesting intermediate-term look, overlay a SMI of 200 and 360. Watch for a break-out of the BB's, and a cross of the two SMI's gives a very clear picture.