morgan77

When Energy Speculators Move the Market

Great article, really interesting
For those interested in USO, USL, and the likes, check out this technical analysis on greenfaucet- The author argues that once the Iran missile issues fizzles, the threat to gas transport lines in the middle east will disappear allowing oil to make a much needed correction. Once that happens speculators will get rid of their longs, and this will bring oil down even more- she argues that oil has $10 to go down.
Here's the link:
www.greenfaucet.com/en...