Taking the information provided by Izvestia I did what I do best: I made a chart.
Jess3 had a job to do in making their pie chart, and I am sure the brief was not (only) to accurately represent data.
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Trouble is, if spare capacity is all up to the Saudis now, and the most they can do is 3 million barrels a day, the chart is already out of date.
Below is a three month price history chart comparing the stock performance of DO, versus APA and CNQ.
Gold bulls have much work to do to suggest prices can sustain a near-term uptrend on the daily chart.
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Gold bulls still have work to do to suggest prices can sustain a near-term uptrend on the daily chart.
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But gold bulls still have more work to do to suggest prices can sustain a near-term uptrend on the daily chart.
But gold bulls still have heavy lifting to do to suggest prices can sustain a near-term uptrend on the daily chart.
Merging two pharmaceutical companies can do more harm than good, as a look at Pfizer's stock chart over the last decade shows.
Gold bulls have work to do in the near term to suggest prices can sustain a price uptrend on the daily chart.
No significant chart damage occurred Thursday but the bulls did fade a bit and they do not want to see follow-through selling pressure on Friday that would then produce a bearish weekly low close.
Below is a three month price history chart comparing the stock performance of PTR, versus LINE and DO.
The common theme is a recognition that Britain will have to do something about the swelling population of its prisons (see chart).
However, the silver bulls do still have the overall technical advantage as a four-week-old uptrend on the daily bar chart was negated late last week.
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The silver bulls do still have the overall technical advantage, but a four-week-old uptrend on the daily bar chart was negated Thursday.
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The 4-hour chart going back six months shows a rounded, accumulation type of pattern that needs to do additional work to confirm completion.
However, prices are still in a three-week-old downtrend on the daily bar chart and the bulls have more work to do to regain upside technical momentum.
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