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The Oil Rally That No One Believes In

|Includes: BBEPQ, LNGG, RIG, The United States Oil ETF, LP (USO)

I believe that crude oil is on it's way up. No one really believes it, most days I don't either. I read so many comments that say that waiting is best, that there will be a better time to buy; wait for a solid sign before committing. Who are these people? The market is not going to make it that easy, it never does. Oil is going to drift higher, and it will burn people on the way up like it burned them on the way down. Every leg up will feel like a selling/shorting opportunity, but I believe it won't be. I do however, think it could peak around $80 in the next 18 months.

No one believes in this oil rally, but you should in my opinion.

Disclosure: The author is long RIG, BBEP, LINE.