What should we expect from ourselves if his predictions were so off for near term trades for several months!
He actually made money in 2014 and 2015 in a bear market. His track is not so bad to date. We should give him a break for now.
I guess currently the major near term fundamental factor driving the crude oil price down, and causing occasionally sudden volatility, could be due to any daily progress about North Korea war news.
Hey crude experts, what do you think about this trade? http://www.reuters.com/article/us-oil-prices-idUSKBN18614R
EIA - EAI - Oh! Nice EIA crude inventory price action. 2 trades today, first one was hard as blazes to hold through news, but that's what trailing stops are for. Second trade - fade from new relative highs offered 20-40 ticks.
Slow Friday as she recoils prior to Baker Hughes Rig Count - only 2 trades today. Agreeing with @Buy1Sell2 that 4775s are an inflection point: Have a great weekend to all!
According to an article, Oil Prices were up by almost 1.5 percent early in today’s session after energy minister from Russia and Saudi Arabia said that an OPEC-led crude production cut would be extended from the middle of this year until March of next year. Here's my source (http://www.funds-money.com/oil-prices-jump/)