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    Jun 4,2008
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Subject: Markets - Crude Oil $124.31 dn-3.45 bar chart 6 mths.
Wednesday, Jun 04, 2008

Markets - Crude Oil $124.31 dn-3.45 bar chart 6 mths.
Have just sent off today's "News of the Day # 125" on Crude, so read that before this report. Repeat, read that one first.

So, with all the "News" on "why the why" crude fell, take a look at this bar chart and all that has occurred, is the third wave up, that ended like a Swiss watch. The drop, by the chart pattern has ended right as the previous lows held rt.on the 28dma which is $123.85. So, with all the "news" of "why the why", crude should hold that 28dma. It has twice held before so no reason to doubt for a third time. Conclusion.

If the 28dma breaks below the 28dma significantly, we will know the price will go lower, but the charts indicate the rise in NOT over yet. The only way crude will break down, is if the US Dollar takes off, so watch the US Dollar at all times. Better still, get my service, that forecasts the future, without any "news".

Remember my max price for this rise was, $139.1, $86 x 1.618. Hit $135.09 and fell. S.T..support is now at $123 and the math: $139.1 divided by 1.13 is $123.1. That's a Fibonacci entrancement, number 13, unlucky for some, so "they" say.

Charlton Capital Ltd. Mr.618 . Good luck!


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