Buy Oil Now?

August 29, 2010 by Keynesian

 In reference to the graph below, oil has been in this channel for a while now. As it has been supported during the latest dip, it is “technically” bound to go higher. Higher can be very profitable as the channel highs rest very close to $100!

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This entry was posted on Sunday, August 29th, 2010 at 9:12 pm and is filed under World. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Buy Oil Now?”

  1. joe says:
    August 30, 2010 at 11:13 am

    how does one go about buying a commodity in kuwait?

    [Reply]

    Keynesian Reply:
    August 30th, 2010 at 7:19 pm

    Buy a US-listed ETF tracking oil. There are many and some are even leveraged.

    [Reply]

  2. Saud says:
    August 31, 2010 at 4:15 am

    I would long oil

    [Reply]

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