zeronimo

Why Oil Will Head Higher

of course Oil will head higher because it is cheap right now and people are buying on the news about conflicts between Israel and Hamas (or the Middle East in general).

but also expect that people will take their profits as soon the rally goes down. so i don't see the gas will go higher long term soon. it will go up short-term and i still expect the worst of it.

oil price will be a lagging indicator for the bullish market. what i mean is the market will go up first before the oil will clearly be bullish long-term again.