OIL SOARING...PENT UP DEMAND FOR LFDHello Everyone,
Tensions in Egypt will only heat up other muslim countries and pose as a serious concern to oil that flows using the Seuz Canal. This in turn will spike up the price of oil. Oil nearing $ 92 per barrel of oil.
Those whom sold LFD are itching to come back into it. They were hoping for a lower price however the pivot point of 38 cents has held over the last three days of testing. There is an avalanche in the making, evenutally people will get fed up and place buy orders at market. When that happens we will see price spike up making new highs.
The pending catalysts of Vast logging results and LFD seismic reports could be the spark that ignites a rally with vengenace, the 6th leg of a step and ladder formation.
Better to get in now before it heats up.
JMHO