Larry Edelson - 30-years experience analyzing and trading precious metals and natural resources.

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Energy Sector Investing

Bullish on Oil

by Larry Edelson on March 9, 2009

in Energy Sector Investing

Recall I’ve been saying we’re in the timeframe for an important low in oil? See article and my comments below. – Larry

Bullish on Oil
http://www.bloomberg.com/apps/news?pid=20601110&sid=aPwgg8LlzGbI
http://www.bloomberg.com/markets/commodities/energyprices.html
While market prices are drastically lower than their July 2008 prices, crude prices have rallied in the last week to post gains of almost 30%. The Brent spot price is currently at [...]

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My cycle work strongly suggests an important low in oil may already be at hand, or at worst, very close. Take a look at this chart, made from my cycle studies on oil. You can clearly see the dominant cycle shown on the chart indicates we may be at a major low RIGHT NOW.  

I’ve been [...]

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