Oil Falls Below $51, SASOL below R266 as rally loses its way

Jim Kunstler writes that 'last week... the greatest stock market suckers' rally in seventy years pulled in the last of the credulous...' Believe it or not, I was one of them. Yep, I bought a smidgeon of SASOL shares at R288. Those shares immediately sank to R266.
If you look at the projections a year ago, you can see oil (and SASOL) is gaining more and more support at higher and higher levels. There are also more upward spikes, which sends the moving average upward.

Business-as-usual is over, but oil has at least one run left in my opinion. See the above post [on shortages] for more.

clipped from finance.yahoo.com SINGAPORE (AP) -- Oil fell below $51 a barrel Tuesday in Asia as doubts grew that crude's two-month rally can be sustained while global demand remains weak. Benchmark crude for May delivery fell 31 cents to $50.74 a barrel by late afternoon in Singapore in electronic trading on the New York Mercantile Exchange. The contract fell $1.46 on Monday to settle at $51.05. Oil traders are looking to the beginning of first quarter corporate earnings season Tuesday for signs the worst of a severe recession could be over in the U.S.