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MacroVoices #297 Ole Hansen: Commodity Sector Outlook

Macro Voices

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Crude Oil Reversal

There are periods when crude oil goes through corrections. The fundamentals are still very strong for a continued crudoil rally, but the political risk of joe bydon managing to figure out what to say to freak markets out is high. I could easily see that happening from here. Or i could see it just being straight up hill from here, if we don't have too much political influence. So i'm waiting for more down, and, you know, hopey i'll be smart enough to pick the bottom and in add to my lungs there.

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