Saturday, December 28, 2013

The Chart Looks Very Bullish For Oil

"Look at the price of oil, which has been moving up, it set a 4 month high here today. I think the chart looks very bullish for oil.

Remember he got as high as 150 dollars a barrel before the financial crisis in 2008, we could be challenging those highs again before the end of 2013." - in Futures Now

Related stocks and ETFs: United States Oil Fund ETF (USO), Exxon Mobil (XOM), Chevron (CVX), Marathon Oil (MRO), Conoco Phillips (COP)

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

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