We did mention about Energy Sector and Crude Oil bearishness recently. Do you remember?
On 5th September, we issued an article to say that oil price has reached its height.
http://www.danielloh.com/2012/09/it-is-official-that-energy-sector-has.html
On 16th September Light crude price reached a high of $100.42. If not for QE, it could have been earlier. Do pay attention to our articles in future for market and sector analysis. Our market sentiment indicator has served us well in trading.
This is the chart of light crude:
This is an article we wrote on 21st September for Shares Investment website:
http://www.sharesinv.com/articles/2012/09/21/energy-qe3-oil-stocks-down-short/
In the article, we advised everybody not to be bullish about Energy stocks and US Energy sector stocks. We did mention that in the mid term trend (1-2 months), this sector will turn downwards. We need to take the opportunity to short crude oil and energy sector whenever it rebound upwards instead of going long.
Take a look at the crude oil price now, $85.65. A fall of $15 from its peak. Oil has fallen 8/9 days. Energy sector stocks are also falling.
Check out some of the energy sector stocks in US. Most of them are falling since September...
From now onwards, mid term wise (1-2 months) do not be bullish to expect crude oil price to rise, or bet on energy related stocks even with the winter period.
Btw, if you want to learn how to short or long crude oil or futures or forex, you may join our FOREX platform seminar
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Venue: 141 cecil street, Tung Ann Association Building
#07-02 S(069541),
Tanjong Pagar MRT exit G, walk straight 80m, opp traffic light
To register pls click here
or SMS to 93676623