Who could imagine just a few months ago that oil futures could trade at 36 dollars a barrel? Pretty amazing. In the financial markets the old and bold traders tell you all the time to expect the inexpectable. Planning for extreme scenarios is absolutely necessary for survival in the markets these days.
Commodities Outlook for 2010, Goldman Sachs Edition [View article]
GS thinks that Gold has the biggest profit potential?
I disagree. I think Ag commodities will do better
UNG Trading 101 [View article]
More on this:
oiltradersblog.blogspo...
Have a nice weekend
Time for the 'Commodities Contrarian Contango' with Precious Metals and Energy [View article]
I am short oil and I have been posting my real time trading decisions in my blog.
Basically and in a simplistic way, I am short because underlying conditions will prevail. Oil will trade back down to the low fifities in a jifty.
Oil Breaks Below $38; Bespoke's Commodity Snapshot (12/18/08) [View article]