Commodity Trade Mantra

Posts Tagged ‘WTI Oil’

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.

Yesterday, less than a year after Saudi Arabia launched its attack on “marginal” US Shale producers which has sent the price of WTI oil crashing by more than 50% from $100 before recouping a substantial portion of the losses and last trading around $60, the Kingdom gloated in declaring victory over US Shale.

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