RE:Oh come on now
No I wouldn't say back to .21. But a good run back toward the 50 day moving average is certainly possible.
Yesterday it was at .28 and today it looks like it's about .31. Of course every day it is going to move higher.
By next Monday it could be near .35.
The US powers that be are in full control mode. Managing:
The price of oil- look for a release from the strategic reserve
The stock market - cant have it crater with us goin to war.
The price of gold and silver.
The dollar. Funny how stable it has been for a year or more.
But if the war gets out of control.... Oil to 150. Tanker burning in the Suez. An attack on Saudi oil fields. Chemical attack outside Syria.
The markets are going to tank.
So back to those levels is very possible.