Is crude oil in a secular bull trend? Yes, but it’s facing numerous supply and demand pressures. from the frackers on the supply side, and green technology on the demand side, the bottom in crude is going to be a long drawn out affair. Green technology is one of our favorite sectors of the market, but it has gotten overdone and it was time for me to cut back. This is discussed in the other video. Jeff Gundlach is one of the sharpest guys on Wall Street, and in a presentation yesterday, he said that crude oil is in a secular bear market. We’re at complete opposite viewpoints long term, but not intermediate term.
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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