Folks, we want to continue to trade OIL (e.g. OIH, USO) as we will experience trade swings from here all the way to the heavy Summer driving and hurricane seasons (let's just hope we never see another Katrina in our life time). Overall, I am bullish on OIL - but who cares what I think; I am not an expert, right? Of course not, I am just a regular guy that has been watching OIL since 1986 and have put in over 10k hours on the topic of trading (mostly technical) and have proven to be very effective as my blog indicates.
Let's keep our eyes open for any pull back on OIL between 30.00 and 36.00USD and load up on OIH for a nice trade... Remember that you can also trade solar (e.g. FSLR, ENER, SPWRA) based on OIL swings. Enjoy trading!
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