A FOLLOW-UP ON CRUDE OIL FOLLOWING A CRAZY WEEK OF TRADING
Last weekend I posted an article titled "The Price Pattern In Crude Oil Makes A Prius The Best Investment Of All." In the article I discussed the long-term possibility that crude has much higher prices in its future. I also discussed the short-term possibility that it was ready for a period of consolidation after reaction to its upside trajectory point.
The reaction we saw this week was NOT within my normal range of expectations. Whenever a financial instrument, be it a stock, bond or commodity begins exhibiting behavior that is outside my normal range of expectations, I reexamine that asset to learn what could be influencing it to behave in an erratic fashion.
Here is an updated analysis of crude oil:
LIGHT SWEET CRUDE OIL
