Thursday, July 19, 2007

The Continued Demise of Crude Oil

I realize that we continue to get battered with all the $100 oil opinions, but I continue to stick
with my assessment that the petro complex is in the process of a long term top and the next major move will be DOWN!!

Take a look at the C.O.T. Data:

Big Money is Selling, Selling, Selling
Fund Money are Huge Buyers
Small Traders are Huge Buyers

This all adds up to lower crude oil prices.


No comments:

Trend Analysis LLC Headline Animator