BHM

2 Comments

ON: Sat Jul 26th 16:05 PM
Commented on:
Oil Price Targets

If there are any indications, speculators crude futures positions point to possible right direction.

behindmarkets.blogspot...
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ON: Wed Jul 23rd 22:22 PM
Commented on:
The Oil Bubble Will Meet the Same Fate as Tech, Housing

The supply-demand argue for high crude price, the key questions is how high crude should/would be if we only consider the today's fundamental factors ($50-$70 cited in some media outlets). If tomorrow is today and so on, everything is constant and grows in linear relationship, I would agree the crude could go higher from current level, but reality is the crude was trade as commodities prior to 90's, and today much more asset than commodities, market sentiments and psychologies may have outweighted the supply-demand.
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