Oil: $55 - $60 Here We Come

Oil continues to baffle the fundamental and technical analysts. Folks, oil has completed its 3 year cycle low. Get it through your head that it’s not going back down. The market is already starting to discount tighter supply in the years ahead.

Disclosure: None.

...more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free iPad Pro.
Plunger 10 months ago Contributor's comment

Wow, does Gary realize his tone of voice is extremely condescending to those on the other side of the trade?

Ayelet Wolf 10 months ago Member's comment

A better question is, why are you on the other side of the trade ;-)

Plunger 10 months ago Contributor's comment

Like you know how I am positioned?

Ayelet Wolf 10 months ago Member's comment

So, how are you positioned?

Plunger 10 months ago Contributor's comment

I have been "all in" in the PM sector since early FEB. Regarding oil I am somewhat neutral, but on sidelines. I don't think bear market is over yet is my analysis, but not interested in playing downside since upside PMs is the place to be right now.

Alpha Stockman 10 months ago Member's comment

Which part are you referring you? I didn't find him to be condescending at all, he just sounded like he has conviction in what he's saying. I don't personally agree that it is as certain as he says, but then again, I'm not a technical analyst. And to each their own.

FROM AROUND THE WEB