TRUST OPEC AND RUSSIA FOR A CHANGE BUT NOT OIL GOING TO $25 OR $75 $EOG $PXD $CLR $USO $UWT $DWT $SCO $OIH $XOP $XLE $RDS.B $HAL $WFT $RSX
With OPEC and Russia negotiations in play this week, I have been getting a lot of emails from investors about oil.
Many have strong opinions. Some think oil is going to go down to $25 a barrel. Others think it is going to go up to between $75 and $100.
Given my history of providing high-conviction opinions that have often been contrary, both bullish and bearish oil investors seem to want me to agree with their arguments. Take a look at the annotated long-term chart of oil. The chart is of a continuous futures contract, and for the sake of accuracy, I have not updated it.… Please click here or the title below to read more.
May 24, 2017