Commodity Trade Mantra

Posts Tagged ‘Oil Charts’

Plunge In Oil Prices Prove You Shouldn't Try "Catching a Falling Knife"

Oil crashed in the second half of last year, falling from over US$100 to below US$45 in Jan 2015. Many thought it was a great buy & piled in to oil stocks. Oil turned up & then back down to make a new low in March. Again bargain hunters came in & oil began a hefty rally, trading back to US$60. Oil prices have now crashed to new lows. What do the bargain hunters think now? Still a bargain?

Truth That Experts Aren’t Telling You About Oil Prices

It’s too bad so many investors fall for the guessing game. And you can count on the big banks to supply the bait. I’m not a fan of the guessing game. If you want to make money in the markets you have to react, not guess. Let’s make money reacting to what the oil charts are showing us right now about oil prices.

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