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It’s an over obsessed upon commodity, previously hyped for its (Hubbert’s) “peak” status by “experts” like T Boone Pickens and a whole clown show of promoters.
Now WTI Crude Oil has reached a thick resistance zone (as managed in NFTRH for the last couple of years) and may be breaking down from a peak of a whole other kind. Here is the monthly chart we use.
Obviously this is a risk and an experiment on my part. Let’s see what happens after I post this.
Thanks to President Stable Genius, I’m having a hell of a fun morning. I’ve decided to short XME again, shown here:
