It’s time to buy oil. The price of the gooey, black stuff has been crushed – falling from over $78 per barrel in early January to as low as $60 last week.
The “experts” are bearish. They’re pointed to bloated inventories and fears of a global recession. And they’re telling us the price of oil is headed lower.
But my favorite oil trading indicator just flashed a “buy” signal. So, I’m ignoring the “experts” and suggesting oil will be trading higher over the next several weeks.
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