Oil is in a bull market for the long haul. The charts suggest we have gotten ahead of ourselves, so a pullback is to be expected.
Over the long term of 5 to 10 years the price of oil will continue to rise. there will be up and downs, but if you buy the big dips you will make a fortune.
Crude Sell-off: Solid Entry Point into U.S. Oil Majors [View article]
The top has passed. Sell now. Good chance of $60 a share over the next few months.
That chart just screams major top in place. If you want to trade it, short term in/out is the only way to go.
Crude Sell-off: Solid Entry Point into U.S. Oil Majors [View article]
Go with the crowds folks; get in, make money and get out before it's over.
Crowds don't think rationally, so don't argue with them...just go along and make as much as possible.
Barron's Banks on $100 Oil [View article]
Over the long term of 5 to 10 years the price of oil will continue to rise. there will be up and downs, but if you buy the big dips you will make a fortune.