Crude Again

By Tim Knight of Slope Of Hope

Managing Partner at Tim Knight Organization • Jul 9, 2016 at 10:23 AM EDT

I recently did a post which stated, “The bull market in energy that started January 20th is over. I can’t be more plain about it.” I was surprised at the reaction. There was a lot of jeering and mocking, and a new troll appeared to slam me.

I recently did a post which stated, “The bull market in energy that started January 20th is over. I can’t be more plain about it.” I was surprised at the reaction. There was a lot of jeering and mocking, and a new troll appeared to slam me (which got upvotes from some Slopers I thought were a bit more loyal than that).

And yet with a HUGE explosion higher today across the board, thanks to a killer jobs report, here’s what crude is doing:

0708-crud

Imagine what it would be doing in a weak market.

Anyway, it’s nice to know who my true friends are on my own blog. Sheesh. I’m going to keep focusing on energy shorts.

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