Wednesday 27 February 2013

OIL - Buy Recommendation

Here is another opportunity that I will taking advantage of.

Oil - Black Gold - Sweet Texas Tea

You hear everyone talk about it and complain about it. I am going to take advantage of it. It is interesting that the price of oil drops but yet the price at the pump only goes up. In my neighbourhood the price is $1.30/L for 87 octane. Oil is looking good right now and you can use the OIL etf as an investment vehicle. OIL trades on the NYSE:ARCA exchange, has good volume and for the most part tracks the oil futures prices.

Below is a Daily Chart covering OIL from the beginning of 2013 until today. 

Its priced right and anything below 21.50 is a bargain. If the price keeps dropping, buy more.



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