Here’s today’s interview at The CME Group. I was joined by Paramount Options’ President Ray Carbone and we talked crude futures.
Ray’s biased higher and while he takes note of critical levels, the thesis he lays out revolves mostly around budding economic recoveries in China, noting the recent spike in iron ore, and the EU. He’s also minful of the uptick in violence in Iraq which is more important, he thinks, than Egypt, given increasing production there.
Take a look:
$CL_F $GC_F