Monday, September 22, 2014

Time to be quietly bullish Crude oil

I was a seller of crude oil and I've been a seller of crude oil for a long time.

Whats interesting is specially with relatively bearish news with increased sanctions on Russians which should have been deleterious to crude oil prices and with a less than impressive industrial production number out of China that should have put crude oil prices lower, however by end of the day crude oil ended up higher. That's very impressive. When the market turns after a protracted decline you have to pay attention. 

I think from here on on one wants to err on the side of quietly bullish of the Crude Oil market. 

via CNBC Interview on Sept 15, 2014