Can Oil Come Down?

Discussion in 'Commodity Futures' started by qll, Jun 29, 2007.

  1. qll


    I heavily shortted Chinese Rubber, because it is in production season, chinese tire recall in USA, and China reduced government expert tax refund. But this oil kills me. Nature Rubber can be replaced with man-made rubber which comes from Oil.

    So far, oil seems to one of the two big factors for rubber's rebounds. Anyone can explain to me why oil won't have a correction in near term? (1 week)
  2. Oil will have a correction, it's just a matter of when. It's just short term though in my opinion. I'm still bullish intermediate term.