Keith Richards iPath S&P GSCI Crude Oil OIL-N PAST TOP PICK Jan 03, 2012

(Top Pick Nov 9/11, Up 7.04%) Not in his new top picks but he still likes it. It is to be seen if it will break the resistance level of $28 and if it does not he will sell it.

Keith Richards

Owned

Unlock Rating

$26.210

Stock price when the opinion was issued

E.T.F.'s

It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

Get Signals Create your Watchlist

You might be interested:

SELL

This is a play on crude oil commodity rather than companies. The chart shows that oil has broken out of a base and a good possibility of oil getting into the $60 area. We are so close to this that he would take profits now. If oil were to pull back to $45 he would look at getting back in.

TOP PICK

S&P GSCI Crude Oil ETN. Tracks the spot price. Oil is not in its seasonally strong spot right now but from a technical perspective, the chart looks like good for a short-term play. Broke up in October and has a neckline at around $22.

COMMENT

Does this track the price of oil accurately? This ETF does not track it well, because oil is based upon West Texas crude and its long term one-year contract. That eliminates the whole issue of contango. It does track the spot price, but you have contango issues.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

Keith Richards iPath S&P GSCI Crude Oil OIL-N PAST TOP PICK Jan 03, 2012

You might be interested:

iPath S&P GSCI Crude Oil(OIL-N)

iPath S&P GSCI Crude Oil(OIL-N)

iPath S&P GSCI Crude Oil(OIL-N)

Latest Buy Signals

Today's Top Picks

Popular Articles

Latest Sell Signals

Most Recent Experts

Bruce Murray

The Panic-Proof Portfolio (Stockchase Research)

The Weekly Buzzing Stocks by Billy Kawasaki

Chris Blumas

Stockchase Insights