Post by
MrICE on Feb 12, 2021 11:32am
Oil $59
Meg will blow off the shorts soon.
Comment by
MrICE on Feb 12, 2021 11:40am
Feels like $60 is in the cards today too. big investors need to do the math before they jump in. If we hold oil at these prices Monday will be the moving day
Comment by
Jonzeeee on Feb 12, 2021 11:47am
oil was lower last week and meg almost hit $6. What math were they doing then?
Comment by
MrICE on Feb 12, 2021 11:49am
That was speculation. Now they will want to go long
Comment by
Moemoney42 on Feb 12, 2021 12:47pm
Yes it surely has the momentum to make it happen... wouldn't surprise me to see it briefly break it before a pull back.. the over $60 next week.. ;-)
Comment by
DeepValueOil88 on Feb 12, 2021 1:40pm
WTI is already $60.75 to buy it, while Chicago markets will slip over $60 on Sunday night. OPEC+ considers markets in balance at $92 Brent pricing.
Comment by
DeepValueOil88 on Feb 12, 2021 1:46pm
Correction: CME NYMEX WTI market is closed on President's Day.
Comment by
DeepValueOil88 on Feb 12, 2021 1:49pm
TSX will be closed too. On Tuesday MEG opens over $6 with WTI over $60.
Comment by
Jonzeeee on Feb 12, 2021 2:23pm
doubt it. Theres something going on behind the scenes currently keeping the share price down.