RUDE CRUDE
Earlier in the week, I referenced a column from TradingMarkets regarding the price of crude. Looking at the chart above, I think it is playing out as it looks like the next stop for crude is back to 75.I would play that move by buying OIH, VLO or FTO. All have corrected this week and all look enticing right here. My strategy is to buy the dips and sell them into a big spike ($80/$90 crude) which I suspect will come when we least suspect. See the charts below.
posted by DAVID at
1:15 PM
2 Comments:
Very nice blog, my top 3 to check each day, I also enjoy bashing jimmy once in a while!
thank you very much- i appreciate the nice words
Post a Comment
Subscribe to Post Comments [Atom]
<< Home