Back in November 2017 and then again in January of this year I suggested that WTI oil – if it broke $56 (which it had not yet..) would target he low $70’s, and possibly $90. Well, it would appear that I got that one right (once in a while I nail it…). Puzzling, though, is Read More
Oil’s well that ends well
WTI crude took an abrupt punch in the gut yesterday after a nice rally that began in early March. A couple of my long time readers asked me for an update on oil – so I thought I’d oblige. There are a few factors we may want to examine when looking at any sector or commodity Read More
Oil update
I noted a while back that I went long oil. Here is my closing paragraph on the blog- which outlined my target, and stop loss strategy: We view this as a seasonal trade at this juncture. Oil tends to be a good trade between February and May. Our commitment to holding oil much beyond Read More