Jim Cramer is a former hedge fund manager and best-selling author. He’s the host of CNBC’s Mad Money TV show and a co-founder of TheStreet, Inc.
According to CNBC, with oil prices on the rise, Cramer recently used technician Carolyn Boroden’s charts to try to determine,
“[W]hether the uptick in crude oil prices is just a one-off [an aberration or anomaly] or if it’s time to get bullish.”
Note that when it comes to investing in crude oil, Cramer apparently sees just two choices:
1) Stand pat since the rising price is a “one-off” and nothing major is really happening; or,
2) Jump in with both feet since the oil market is really changing to become significantly bullish.
However, there’s a third possibility that Cramer has ignored but others who invest in crude oil should consider: while crude oil’s near-term price is volatile and might go up or down, crude oil’s mid- to long-term price might be falling.