Crude Oil trade
So here we are again with a crude rally which started April 10th from $62 as you can see with my time stamped tweets. Now that we are touching $72 We are seeing every bank calling for higher oil prices with some predictions of $100 from BofA.
Question, isn't it better to buy low around $62 and Sell high into these bank calls? Of course it is, because that's what they do. When their making bullish calls publicly means they're most likely created volatility to lock in hedges and distribute most of the positions.
In short, its too late to be initiating long positions now in crude.
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