There is no doubt about it, crude oil has been very choppy. There are two camps involved in the crude oil market: one is bullish and the other is bearish. In this new short video, I show you which camp I am in and what I think is going to happen to the crude oil market for the balance of the year.
You will also get to see the key areas that we have recently approached and reversed back down from, and why this area is so important for the future of crude oil.
As always, our videos are free to watch and there are no registration requirements. We welcome your thoughts and comments regarding this posting on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
At some point the Fed will take away the cheap money crutch and oil - and all commodities - will take a dive. Don't forget the effect of Financial Reform on commodity trading as well.
There he goes again... the oracle of mistakes lol!
Is this the same Adam that has totally blown his predictions with the video's regarding the S&P plunging to retest the March 2009 lows? Oh yeah..He is shamless about this. It is one thing to show trade tringles and saying that they are fairly reliable in most circumstances, but he promotes himself to be the Wizard of market predictions. This too will be way off just like the S&P crying of wolf. His gold prediction..that it won't hit a new high this year, will also prove to be faulty.
When will Adam give up with this irresponsible guessing?
He feels no shame or responsibility in this. He helps to sway people away from their intuitive convictions to lose money. Who could stay long when Adam was predicting doomsday for the S&P for the last whole year?
Oil could go way higher this year. There are many different scenarios that could be the catalyst. Israel, or the US could attack, or put together a military blockade to hurt Iran. When will this all happen? Hmm... No one knows... Just like no one knows where the markets will go INCLUDING ADAM!
You have NO IDEA where this oil market, gold market, or S&P will go. You just guess with your mumbo jumbo wave counting..It is whimsical at best. Has anyone else known such a man who props himself up like this?
Probably not!
Blue Lipped Kenyan,
You are probably surprised that we are publishing your comments.
I totally agree with one of your statements and that is and I quote:
"Oil could go way higher this year. There are many different scenarios that could be the catalyst. Israel, or the US could attack, or put together a military blockade to hurt Iran. When will this all happen? Hmm... No one knows... Just like no one knows where the markets will go INCLUDING ADAM!"
In trading and investing you go with the odds and the trends, you go with what has happend in the past. Human nature which is a reflection of the market has not changed since time and trading first began.
Having said that our "Trade Triangle" technology which we have been tracking for 11 quarters has shown stellar returns on average per quarter.
We will be publishing our results of our "World Commodity Portfolio" on this blog in the next few days. You might want to check out the results.
All the best and every success to you in the markets.
Adam
I watched the video and generally share the author's view. Interesting analysis indeed! But for now, grains could rock.
I haven't even watched the video, but I promise oil hasn't topped out yet. Commodity prices are set to soar once this fake rise in the US Dollar deflates and inflation takes hold.