hunterallemand

How can you be bullish?

Short
NYMEX:CL1!   Light Crude Oil Futures
Strong Dollar, Oversupply, OPEC dysfunction, global decline... I can go on, but unless we see something concrete from OPEC there is no way to be bullish. I hope for a rally into the 30s simply for the American Oil industry, but this doesn't look good without intervention.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.