Unless we have a recession, oil has found a bottom at $83 per barrel. Take a look at the chart on the Money Velocity page of Fibonacci-Stocks.com to see the recent flat bottom of oil's price in the $80 range. The looming European embargo of oil from Iran has put a bottom under oil.
In this current scenario, ERX, a leveraged oil ETF, is the best way to make money. It is selling for $36 per share now, and it could go to more than $50 per share in the next couple of months. That would be a gain of almost 50%.
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