Crude Oil: Bull Market or Dead Cat Bounce?

Crude was due for the rally we have been expecting due to its oversold nature and the change in tone out of OPEC. Some are stating that a bull market has begun. Although I think oil at the end of the year will be much higher, there is no reason to chase a 20% move in 4 days. Stay disciplined and buy slowly as it comes back in.

(Visited 18 times, 1 visits today)

About The Author