Kingsley Anderson

What's Oil's Future?

Due to the huge speculative bubble that occurred this summer, it's possible that there has been an over reaction to sell. That does not mean I want to step in and start buying Oil contracts or USO. The down trend is still intact. Markets are driven by the actions of emotional people, not by logical machines. Who is to say we won't see $10 oil or $200 oil? All I know is that it looks like we continue going lower.