The following chart plots crude oil's performance between April and November.
One look at it and it becomes apparent why it has been so difficult to stay crude invested either way.
Then again, from a trading perspective, the $10-$12 multi-month price range is an inviting reason to trade the swings.
Of course the "easy money" made trading the swings may be near an end, depending on how acutely the market reacts to this week's OPEC Meeting, which more than likely will send prices into a strong trending move in one direction or the other.
No one expects OPEC to produce an agreement, only more oil.
If you're a contrarian during this crazy year of outliers, then perhaps your bias should be to the upside for oil prices?
