Crude oil had a weird week. The breakout attempt that began last week failed. But crude looks ready to take a run at overhead resistance again.
- If crude can break out to the upside, then get above other overhead resistance at 75, it could go to 90.
- If crude fails and breaks down, I think it could quickly go to 60.
What’s your bet? Mine is higher. I’ve added to the IEO position in Red-Hot Commodity ETFs and I recommended a small-cap Canadian oil fields services stock in Red-Hot Global Small-Caps.
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Profiting Off Oil's Comeback
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Excellent site, keep up the good work
Thanks, Bill. Please stop by again.