Sunday, October 31, 2010

Oil short cycles

I have used the Ipath ETF OIL as a proxy for oil to show the short term cycles.  It appears oil should have a short term bottomsoon (within 2 days).  At that time IMO it should present a nice trading opportunity.  See for yourself:

Nobody cares as much about your momey as you do - so be sure to do you own analysis. 

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