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 9 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 9 months ago Member's comment

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

Plunger 9 months ago Contributor's comment

Like you know how I am positioned?

Ayelet Wolf 9 months ago Member's comment

So, how are you positioned?

Plunger 8 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 9 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