Jee wiz. Sometimes you have to laugh at how these things can go (chart below - XLE).
I've been bullish oil for a couple of weeks now. The situation was made more interesting with Goldman slashing their forecast for oil. I hope it works out for oil as it did for grains! I went long QAG, an etf that mimics grain prices the next trading day after they downgraded grains.
My gut feels that we are now seeing a bit of a shake out in the oil market before a move higher but it is only a gut feeling.
Jee wiz. Sometimes you have to laugh at how these things can go...
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Last
3,136.7 |
Change
-22.600(0.72%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,159.3 | 3,159.3 | 3,117.3 |
| XSO (ASX) Chart |