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    May 08,2008
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Subject: Markets - Crude Oil $123.64 up+0.11 bar chart
Thursday, May 08, 2008

Markets - Crude Oil $123.64 up+0.11 bar chart.
Here is the bar chart going back to the last major low of $51.03 in Jan.2007. Since that time, Crude has held the lower channel line if drawn from the $51 low to low $68.63 and the third low at $85.42. This line comes to the present price at $100. On the p&t chart the lowest support is at $108. These are the prices that the L.T.rise in Gold will be taken out. Like we had with the Gold p&f. This report tonight, is to inform you of my 'next" target high for the Crude price.

If this rise matches the previous wave, I get a target of $123 off the math chart. By calculation off the last low of $98.65, I get a target of $128.74. Since today, I have not risen my target, last given on Apr.4th then at $104 and the target was $115.62. As we have gone over the sq.of 11, at $121 is the main reason for the "next" target of $123 and $128. Over $123, S.T.overbought. These forecast targets are becoming a difficult to predict presently.

Crude closed $124.64, hit a intraday high of $124.61. N.G. $11.26 dn-0.06. Gold $880 dn-2.70. US$ 73.36 dn-0.08.

Charlton Capital Ltd. Mr.618 . Good luck!


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