If You Make a Grand Shorting Oil, It's on Me!
And sufficiently timely, yes.
That's what today's idea is. Just remember, when you jump on today's trade idea and make a grand, this one's on me.
I've already begun preparing my paid subscribers with exact trade recommendations. But you can still act on this idea, because it is driven by key indicators that have performed well in the last 12 months.
The idea is that crude oil's climb has maxed out.
For the month? Likely.
For the year? Perhaps.
Basically, as I've been telling my paid subscribers for several weeks now, things are coming together in the crude oil market.
Unfortunately, they are converging to disappoint the bulls ... at least for the time being.
I could make the case, technically, for crude oil to rise to around $60 per barrel before its fortunes turn sour in a negative feedback loop sort of way.
But things like sentiment surrounding the OPEC agreement, wave and Fibonacci analysis as well as speculators' net long positioning all seem to suggest one thing.