On May 7th, 2012 ITZ noted that WTI Crude Oil was most likely going to head lower and test the $90 level. ..LINK
ITZ suggested a 1/4 position in Proshares Ultra Crude Oil ETF (UCO) on May 9th @ $36.70
Let's enter another 1/4 position here @ $32
=========================================================================
This is the 3rd consecutive year where crude oil has sold off in the month of May.
click on chart to expand image
Oil turns negative for 2012. Mark Fisher, MBF Clearing CEO, shares his thoughts on the reasons why.========================================================================
click charts to expand images
No comments:
Post a Comment