Oil drops below $130 a barrel

359 day

 

If a person even suggested $100+ dollar crude in 2005 they were considered crazy.

 

You don't necessarily have to buy oil contracts to make money per se. Buy stocks that work in sympathy with oil. Like Haliburton, Trans-ocean, Kinder-Morgan. I don't play the commodities as I really don't have the time, nor the inclination to play that market.

 

You want to really lose money try after hour trading

 

If you really, really want to lose money try spread trading Brent Crude versus WTI on NYMex.

Good times.

 

No thanks....
That is like the "Wild, Wild, West" of trading.

Practically no rules and the Institutional Traders look for the "Home Gamers" like a lion does an antelope.

 

Exactly... but people still do it lol.. It is possible to make a lot of money doing it but WAY WAY WAY more of a possibility your going to lose A LOT

 

$100 by Thanksgiving (or sooner) doesn't sound so crazy now does it?

Gee, where's Rex and his $200 a barrel been hiding?

FYI, $122.60 and $122.00 are BIG numbers.

$119 is HUGE.