Wednesday, 4 February 2009

Oil's future...


Oil has gone from everyone thinking that oil was headed to $200 a barrel, to eveyone now thinking that oil is going to $25. There are many sides to the oil debate. The bulls says we aren't finding anymore (Watch this video link for the bull case: http://youtube.com/watch?v=4nyMZ2jIcmQ), and the bears are saying that there is plenty of oil. (Watch this video link for the bear case: http://youtube.com/watch?v=41wRcvU_vjY&feature=related). Your guess is as good as mine, but i don't care much for fundamentals when it comes to trading. Back in June the trade was to be looking to go short oil; and after a chart like above, the trade now is to be looking to go long.

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