Our analysis of all reliable projections of supply and demand that we can find has not supported crude oil prices of over $70.00 per barrel. However, we refrained from giving a short sell signal due to strong technicals. Yesterday, there was a vicious reversal from highs of the day. Same
Our proprietary money flow indicators have turned negative on oil. Sell all long positions.We will not yet short oil because slight geopolitical hiccup can make the oil spike again. However ,it is finally time to short coal. Coal prices compete with natural gas for electricity generation. Natural gas prices have
Recent trip to India indicates that investors are underestimating oil demand in Asia. As the reality is recognized, oil may spike higher than generally anticipated. Buy right here in eighties. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING