Markets and crude are in freefall but are approaching strong support levels. This looks like a good place to buy back into crude especially long dated Brent. I would take a starter position (about 25% of total planned investment) today starting with Dec 2015 Brent. If not accustomed to Brent then one could buy Dec 15 WTI instead at around $96 per bbl.
Good place to get back into crude with at least a starter position. 2015 or even 2012 contracts will do. Brent is probably better as it is less subject to manipulation relative to WTI.
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Just stumbled upon this blog; looks v interesting. I was wondering if there's a way to contact the creators, as I have some oil options questions...?
ReplyDeleteAny help would be greatly appreciated.
James
Hello,
ReplyDeleteperhaps you could do a post on how to "buy" oil. I mean what Crtificates etc. are there. What does it mean when you say 'buy 2015 Brent.
It would be very much appreciated.
Phil