[toolpusher]

i have a feeling opec is not cutting production solely because of price considerations. they have always been know to go for volume over price. could it be they are finally starting to run up against some volume constraints?

since it is obvious that the world is awash in liquidity, i see the current commodity correction as a great investment opportunity. ever since this correction showed itself to be more than just a blip on the screen, i have been looking to see where it might end and at what prices assets could be advantageously acquired.

using wells wilder's ADX indicator, i think one could say that the time is here to consider some crude oil purchases. looking at the up component of the indicator, it is currently showing a bullish divergence with price, likewise the down component. the ADX, or average directional movement, itself has come way down and is now trending sideways at a low level. combined with the known fundamentals, i like the way the chart looks.

[Newsseeker]

OPEC has been declining since 2005 and it is my guess that a lot of these cuts are to conceal poor production but what do I know?