Thursday, March 5, 2015

Crude Oil: I Would Suspect It Is Going To Test The Lows Again

Certainly is the most important commodity far and away wether you like or not. Oil has come straight up in the last few weeks, So I don`t like to buy anything that is going straight up. I would suspect it is going to test its lows sometime in the next few weeks. That is normally what happens when you have a total collapse and you have a bounce. This is the way markets work.

Related trading instruments: Nymex Crude Oil futures, United States Oil Fund LP ETF (USO), Exxon Mobil (XOM), Energy Select Sector SPDR ETF (XLE), Marathon Oil (MRO), ConocoPhillips (COP)