Tuesday, May 7, 2013

Warning: Oil Due For A Major Pullback

No, your eyes aren’t deceiving you – today’s headline is correct.
The price of oil is set for a dip lower – one way or another. Today I’ll show you why.
I’ll also explain why it’s not the end of the world for oil investors – quite the opposite actually! And I’ll share my thoughts on playing oil in the next six months…
You’d have to admit from a fundamental standpoint $95 oil is a little high, especially if U.S. crude storage (as of last week’s data) is at its highest level since 1931.
Just to make sure you’re caught up on the story take a look at the most recent U.S. storage data: (more)

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