the next bull run

  1. 9,081 Posts.
    I believe the next bull run will be in the oil producers.

    WHY?

    The expected downturn in oil prices widely touted after the Iraqi War did not materialise.

    The oil price is maintaining its uptrend that began in 2001.

    The close above $31.25 was significant and gives a next upside target in excess of $37 a barrel.

    Keep an eye on the oil majors - they are already showing strength, which usually can be taken as a good predictive indicator of future oil price rises.

    Expect the smaller oil producers to also make good gains.
 
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