Sunday, August 12, 2007

Crude Oil - Final Hurrah?

Crude Oil is really starting to look like its time is limited.

There is extreme long positions by the public (bearish) and extreme short positions by the commercial traders (bearish)

The Commodity funds have very large long positions, so once the trend shifts you should see quite a large decline as these funds begin to unwind their longs and establish shorts.




No comments:

Trend Analysis LLC Headline Animator