OILU World events could send this through the top of your monitor, Prices are relatively low, holding my current shares, prepared to add more if there is a break lower to $20-24. Why do I think it will break lower? If OPEC decides to pump more oil, lowering the price, it will give their partners an opportunity to fuel up any heavy equipment that could be sent overseas. Once this equipment is sent to the destination and regular citizens are notified, it will kick off a frenzy that will drive price upward to a new all time high and beyond.
OILU Do not sleep on Oil right now, I am looking for a break out the bottom of the range that may quickly reverse to buy side. No matter what happens, world tensions are going to be the catalyst.