WTIC West Texas

   wtic may31 2011

This chart is 3 weeks old. Many charts were warning that contrary to the consensus was going to go down, perhaps even a lot. Individual energy stocks were saying the same. Today,despite a very large drawdown of inventories the stuff dropped right on cue to form (the start) of the thrust down. Here is the chart;

WTIC.june 2011

This is most like the first $4 down, it should go a lot further.