Saturday, August 1, 2009

Crappy oil call of the week award goes to...

...Otto Rock of IKN. On Thursday morning, with oil nudging at $65/bbl, your humble correspondent wrote......
We can see $66 again, but a quick look at the daily candle tells me that downside risk is far higher than anything offered to the upside.
.....which is why you should never listen to me about charting or crude. This is what it did since then.

Nuff said. Otto way sucks at crude and won't give up his day job.