THEME: OIL TOP
Looks like my call on 5/18 about a top in oil was a good one. Front crude was $41 and it is now at $36. The sentiment was quite clear. Hysteria was in plain view. I am not so sure what's next for oil, but is unlikely to collapse. $31 downside would be a buy.
Looks like my call on 5/18 about a top in oil was a good one. Front crude was $41 and it is now at $36. The sentiment was quite clear. Hysteria was in plain view. I am not so sure what's next for oil, but is unlikely to collapse. $31 downside would be a buy.
posted by Johnny @ 10:21 AM
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