Crude: The Break So Long Anticipated Is Here
Tim Knight | May 04, 2017 08:53AM ET
YES! It’s finally happened! After all this waiting, crude oil has finally shattered the support level I’ve been watching for so many months. Ever since Gartman did his widely-followed broadcast on April 11th instructing people how to take advantage of the bull market in energy, the commodity has fallen EVERY SINGLE DAY with only a single exception. This is very exciting.
Since I have so many energy shorts, and I am also long Direxion Daily Energy Bear 3X Shares (NYSE:ERY) (as I originally suggested way back on February 7th), it’s pretty cool. Oil, happily, also doesn’t get rocked by that moron Yellen or whatever the yo-yos in Congress decide to do today about health care. Let’s rock!
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