Wednesday, May 23, 2012

Time To Add To Oil Position

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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.

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Oil turns negative for 2012. Mark Fisher, MBF Clearing CEO, shares his thoughts on the reasons why.

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