Oil Going Higher
Earlier this week, I brought to your attention that oil services were turning, and so far, I have been right. In the past, I have been wrong about the price of oil. I predicted 6 months ago, when oil was near $70, that oil would go to $100 and higher. In fact, the opposite happened and oil went south. This time, I am saying with even more conviction – oil has bottomed and its headed higher. It was up 4 of the 5 days this week, and I believe the down trend is over.
– Faisal Laljee
