It's true, the rumors were circulating heavily when crude oil was trading at $145 a barrel that it was going to be hitting $200 a barrel in a matter of days or weeks at the very latest. Well, that never happened. Crude oil learned that gravity plays a part in every commodity market's life.
The pullback in crude oil, given the fact that a major hurricane named Ike is shooting for the gulf, is not so surprising given the history of the commodity markets. Often times we see pressure coming into a market months ahead of the actual news that either production has been increased or demand fluctuation has changed the dynamics of the marketplace.
Take a few minutes and watch this short video and see how we have been looking at crude oil. Afterwards, check out our track record in this market for the past 12 months.
I hope you find time to quickly browse through this video as it will certainly give you some good trading tips on how to improve your own trading.
Every success trading and every success in life.
Co-Creator of MarketClub.com
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