Crude oil was THE commodity to trade back in 2007-2008 when prices rocketed above $ 145 per barrel then dropped like a rock all the way back down to $ 35 per barrel leaving many investors and traders either greatly rewarded or dead broke.Since then the focus of the world has moved to gold and silver as currencies spiral out of control with more and more reasons why individuals and entire countries should focus on owning physical metals rather than eroding currencies.

Just because a commodity is not under the direct spot light does not mean you can’t trade it or make money from it. With that said here is my analysis on how to trade oil if $ 100 per barrel is reached in the coming trading days.

Let’s take a look at the charts…

Long Term Weekly Oil Futures Chart

Here you can see how oil is trading round the $ 100 level. When the price is trading below it then $ 100 will act as resistance and when oil is above then it becomes support.

Intermediate Term Daily Oil Trading Chart:

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To natural gas investors, 11/11/11 will, in hindsight, be remembered as a historic date. Today marks the first time since November of 2002 that the 12 month forward natural gas price has moved to $ 4.00/Mmbtu, as can be seen on the following chart:

We believe that this is an extremely significant event as the typical U.S. E&P hedges more than 50% of their coming year’s production in advance, often telling investors that they are “trying to be conservative” and reduce risk.

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The new La Niña that is developing in the Pacific will have the impact of a strong event. Expect North America to have another cold winter.

You’ve seen the headlines. The Northeast was hit by a Nor’easter snowstorm that affected 60 million people. Over three million were left without power and outages to last for days. New York City received its earliest inch of snow since the Civil War. Pennsylvania, Washington DC and the entire Northeast were buried in as much as two feet of snow and then hit by freezing weather.

The Northeast is not the only cold area. Even Texas, already drought-stricken, had snow this month in Amarillo. The Rocky Mountains, including my home 300 miles from the Mexican border, has been buried in white stuff two times in October. Sunny California started the month with heavy rain in the Fresno valley (hammering the drying raisin crop) and snow for the ski resorts in the Sierra Nevadas. And it is all due to hot water and cold, cold air.

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from King World News:

With continued turmoil in global markets and gold remaining firm in the mid $ 1700s, today Michael Pento, of Pento Portfolio Strategies explains for King World News readers globally why a full-blown bond market crisis is coming in 2012 and how investors should prepare, “The European debt debacle continues to unravel and yet many investors fail to recognize the profound ramifications of taking the largest economy on the planet offline. EU 27, which has a GDP north of $ 16 trillion, is the largest export destination of some of the world’s fastest growing economies.”

Michael Pento continues: Read More @ KingWorldNews.com