For the 137th time in the past seven months, people are running around buying oil, thinking it has bottomed. Good luck with that. Be wary; here’s the intraday chart, with an important failure point that took place in the wee hours of the morning:

For the 137th time in the past seven months, people are running around buying oil, thinking it has bottomed. Good luck with that.
For the 137th time in the past seven months, people are running around buying oil, thinking it has bottomed. Good luck with that. Be wary; here’s the intraday chart, with an important failure point that took place in the wee hours of the morning:

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Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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