OPEC dreams $200 oil but the crude futures are headed for $60 a barrel
Tania Saleem
Apr. 28, 2008

Opec’s president on Monday warned that oil prices could hit $200 a barrel. Chakib Khelil, Algeria’s energy minister, said that OPC cannot help reduce the price. According to them oil is headed for $200 a barrel.

But inb reality technical, analytic and quantitative models all show oil is now at the top and is headed for climactic drop below $60 a barrel.

There is a sixty dollar a barrel premium on oil from speculators in the middle of cooling Asian economies, US recession and European last leg of optimism.

Demand for crude oil is coming down as prices move up in the gas station. India and China are about to give up their $50 and $80 billion oil su8bsidy per year to keep petroleum prices low.

China has completed its strategic petroleum reserve buys before the olympics.

Oil from here can slide back into $60 area just like gold giving up $125 in a few weeks.

OPEC dreams $200 oil but the crude futures are headed for $60 a barrel
Tania Saleem
But in reality technical, analytic and quantitative models all show oil is now at the top and is headed for climactic drop below $60 a barrel.
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US Dollar rallying in the middle of news that U.S. consumer confidence fell more than forecast in April to a 26-year low – what does it mean?
Sam Adelton
The valuation of a currency depends on a cycle specific function of the difference between interest rates and inflation in that country. Based on that, US Dollar is far below its real value.
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Get into the tech sector avoid the companies with international exposure
Fred Day
But these are the same companies you should avoid now as US dollar rise will hurt their earnings. The domestic tech sector is booming and will continue to boom. The biotech sector will be the best performer.
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A rise in April Confidence Index bullish for dollar, real estate and stocks
Kirsten McLauren
April U of Michigan Conf. Index will move close to 70 from 63.3. A 10% jump in the index will mark the start of the new bull market in dollar, stocks and real estate.
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US manufacturing recovers with weaker dollar, home sales downward momentum subsiding – in the middle of gloom and doom a new bull looks up
John Abelson
The bull is looking up again. US Dollar is forming a base as Federal Reserve is very close to pause the rate cuts. US Manufacturing is helped by overseas orders.
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A pause in interest-rate cuts by Federal Reserve ready to lift US Dollar and bearish for precious metals
Teddy Carlos
According to many interest rate and Fed watchers, Fed will stop for the rest of the year after a half-point reduction to 1.75 percent this month. The market is already predicting the chance of a quarter-point move instead of the half-point reduction.
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UK central bank ready to replicate US Federal reserve move – seeks $200 billion infusion into restore confidence in mortgage market – a bullish trend
Jeff Cantor
The UK central bank Bank of England is ready to infuse $200 billion to revive the confidence in mortgage markets and the real estate investments.
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