tl;dr Do the inverse of everything this analyst says. Now’s probably the time to buy oil.
So this guy has been almost consistently wrong telling everyone to buy oil in the past 3 months, and only last week did he finally say to NOT BUY oil (right away). Most of his articles are behind a paywall, but honestly all you need is the title.
Jan 4 (Oil $63.27) – UWT: It Is Time To Buy Crude Oil
Jan 7 (Oil $62.70) – OIL: Prepare For Oil To Shine In 2020
Jan 9 (Oil $59.56) – USOI: A Golden Time To Hold This Oil ETN
Jan 11 (Oil $59.04) – USL: Likely To Rally Through 2020
Jan 14 (Oil $58.23) – DBO: Prepare For More Upside In Crude Oil
Jan 17 (Oil $58.56) – OLEM: Likely To Rise On Oil Supply Risks
Jan 19 (Oil $58.56) – DWT: Still Not Time To Short Oil
Jan 21 (Oil $58.37) – OILU: Prepare For The Rally In Crude Oil
Jan 29 (Oil $53.33) – USO: Buy The Pullback
Jan 31 (Oil $51.56) – OIL: Buy The Bottom In Crude
Feb 6 (Oil $50.95) – DBO: Fade The Crowd And Buy Crude Oil
Feb 11 (Oil $49.94) – OILX: It’s Time To Buy Crude Oil
Feb 16 (Oil $52.15, it rose!) – USO: The Bottom Is Likely In
Feb 19 (Oil $53.41, end of dead cat bounce) – USL: Buy The Dip In Crude Oil
Feb 21 (Oil $53.38) – OIL: Buy The Dip In Crude
Feb 27 (Oil $47.09) – UWT: Buy The Bottom In Crude Oil
Mar 2 (Oil $46.75) – DBO: An Oil ETF For Times Like These
Mar 5 (Oil $45.90) – BNO: Buy Brent And Profit From OPEC
Mar 21 (Oil $23.36) – USOI: A Strong Buy During Oil Turbulence
Apr 7 (Oil $23.63) – OIL: Wait For OPEC+ Before Buying Crude. If you actually bought oil right after the OPEC+ meeting, you would have bought oil at $27.
Apr 16 (Oil $21) – Here’s What To Watch Before Buying DBO. He finally says to wait a few weeks before deciding whether to buy oil or not.
As of this time, WTI crude oil prices are at $18.27. Could they fall further? Maybe a little, but if the track record of this author is anything to go by, I doubt prices will stay this low for too long.
He’s definitely introduced a lot of neat oil ETFs though. Still learned a lot from his articles.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.