Here's how we see the setup for trading crude oil from in the immediate term.
Crude, and commodities in general, remain in a negative intermediate "Trend" (3 months or more) position. Buying crude for an immediate term "Trade" makes sense under $49/barrel. Selling that "Trade" at or better than the $57/barrel price is where we get out.
KM
Crude, and commodities in general, remain in a negative intermediate "Trend" (3 months or more) position. Buying crude for an immediate term "Trade" makes sense under $49/barrel. Selling that "Trade" at or better than the $57/barrel price is where we get out.
KM
