Crude has been decimated off late
and the whole world looks worried about the price of crude oil. I missed one of
the best opportunity by reversing my sell call given on (16th November
2013 & 10th January 2014) on
crude on June
2014 when crude oil almost peaked. It was a sucker rally in crude which got me in.
If we look at the price of crude
today, I think it had bottom out and the crude is forming an inverse head and
shoulder pattern and signals a reversal. If Crude breaks above 40$ we could see
50$ and beyond very soon.
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