Monday, May 11, 2009

It's Time to Short Oil: CNBC's Debating $300 Oil

When CNBC starts asking if oil will hit $300 anytime soon, that probably means we've got a short term top in place.

In fairness to Kevin Kerr - I think very highly of his commodity insights, and this interview is worth watching...his points are all good ones.  

However if you're contrarian trading against CNBC - usually a profitable strategy - that would indicate oil is a short here in the near term.

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