Seeking Alpha

John Lounsbury » Comments » Single Comment

  • Three Conditions Supporting Short-Term Oil Prices [View article]
    All those taking positions, long and short, COULD make money. There is a high probability that oil will trade below $80 and above $150 during the next twelve months. The problem is that some WILL lose money because volatility will probably be high and geopolitical shocks will be very influential and largely unpredictable. Those on the wrong side of an unexpected move usually close positions at a loss rather than hold on for a reversal.

    Nimble short-term traders will do very well. Investors taking long-term positions short on oil will probably lose. Anyone who buys oil today and holds for 3 years or more will probably make a good return.

    Regarding this article specifically, good job of technical analysis for the short-term trader.

    $harks$ - I agree with your trading positions for the past week and at least for the start of coming week. I expect you will reverse from short to long and then back and forth several more times in the rest of 2008 if you are to maximize your success. You would do well to have weeekly technical analysis reviews, such as this article provides, to stay on the right side of trades.
    Sep 01 11:52 am |Rating: 0 0
All Comments by John Lounsbury »
Comments by Ticker
AA, AAPL, AAUKY.PK, ABAT, ABAT.OB, ABB, ABK, ABT, ABX, ACI, ACN, ACPW, ACWI, ACWX, ADBE, ADM, ADP, ADRE, AEC, AEM, AEP, AES, AET, AFL, AGG, AGN, AGO, AGQNF.PK, AGU, AHBIF.PK, AIG, AKCPF.PK, AKNS, AKR, ALGT, ALKS, ALL, ALTI, AMAT, AMD, AMN, AMP, AMSC, AMSWA, ANF, ANR, ANW, APA, APC, APD,
John Lounsbury is a
Top 10 Commentor
1989 comments
Rating: 4550 (5749 - 1199 )