Any chartist out there can give us their views on NZO chart?
It just looks like it is going lower.
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Any chartist out there can give us their views on NZO chart?
It just looks like it is going lower.
How can oil demand contract while the economy still GROWS (albeit slower) ????
Maybe some genius from Merril could explain this to us........ QUOTE
I believe Merrills are working on some magic b...dust which will not only provide 100% accurate economic forecasts but will also be the long awaited environmentally friendly alternative to oil.
:rolleyes:
Oil $41 today :eek::eek:
Gas sale revenue from NZO doesnt come on stream until 2010. With oil prices at these levels it doesnt seem like Tui is profitable for NZO. Next year will be a cashflow negative year for NZO?
Today's announcement that NZO joins that top 15 might explain the accumulation we saw last week on the chart.
though their are many other associated costs as even nzo have pointed out.