Wednesday, February 3, 2016

Crude Oil could have bottomed already but wont be going very high either

I have my doubts about crude falling below $22 a barrel — if it happens in sheer panic it will be over in a sheer second. 

At this point I don't think I want to be short of crude oil. I've been very bearish for a long time. I think the time for being bearish of crude is over. I think that there's a possibility we have bottomed.

How high could Crude Oil go

We're not going to see crude above $44 again in my lifetime.