Oil has taken investors on quite the ride lately, especially if those investors were long. The asset has become increasingly volatile, often moving double digits in a matter of days. In less than five weeks’ time, crude traded at $63, rose to $75 and declined back down to $66. Year to date, the market has faced wide price swings, making directional trading quite difficult.
The impact of speculation, estimates, news and “noise” is apparent in this wild ride of oil prices. Oil declined quickly from the end of January through mid-February, only to rebound and have a choppy ride up to $73 three months later.
The post Oil Speculation And Future Pricing Are Not In Sync – Trade Accordingly appeared first on Catalyst Hedged Commodity Strategy Fund Blog.