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Crude Reality: How Long Can Oil Stay Down?

Nice article. I agree with a U-shaped recovery in oil, not a V-shape. For now, though, a 1-2 day bounce.

Is Crude Oil a 'Bubble' Ready to Burst?

Mr. Dorsch,
I have read I estimate ten good articles on oil in the past couple of weeks. Yours is the most comprehensive. Thank you. I will look into subscribing to your service.

I am short oil on technical basis, for a short-term swing trade. For the next month or two, I believe that commodities will further their declines. Remember that the Fed meets on June 24, and they will likely hold interest rates steady. Expectation of that, and of dollar stability, will push some profit-takers out. But I agree that LT mean-reversion, as forecast by some others, will take its time.

Thank you again. I am looking forward to more excellent reading.

Burst Bubble? Commodities' Long-Term Story Remains Intact

James,
Thank you, I agree, but $60 for USO is a long way off. In the meanwhile, I will buy OIH puts.