Oil, aka Black Gold, aka devil’s tar, aka Texas tea, aka Cousin Earl. I feel so strong about it, I want leverage, so I’m making $UCO my top idea in 2013
Here’s a look at a multi-year weekly chart in crude oil. I love the spot here on the lower trendline making the trade easy to manage. If oil falls much below $80/barrel I will have to reevaluate this thesis, but as of now, I’m going long oil in size in 2013.
Note: Fly’s top pick for 2013 can be found HERE.