Friday, June 26, 2015

Crude Oil Will Probably Retest The Lows

The way markets work, usually, when something has a big collapse, there is a dead cat bounce, there is a big bounce for whatever reason and then a few weeks or months later the market tests the lows. So, I would suspect that there will be a test of the lows sometime in the next few weeks or months but the lows will hold.

Trading instruments: Nymex Crude Oil Futures, United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE), Exxon Mobil (COM)

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.