GREY:TBTEF - Post by User
Comment by
Analysis98on Dec 29, 2014 12:37pm
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Post# 23269362
RE:How low will oil go
RE:How low will oil goThanks for sharing the link. My belief is that oil will test 50.00. I don't know how low it will fall to but it won't last long because the laws of supply and demand will shift significatnly at those levels. Lower prices (65 - 70) are going to last for most of 2015.
I'm also expecting that people buying now thinking oil has bottomed will start running for the exits once again especially when the media starts using words like plunging, collapsing and record all time lows in their news reports. Be expecting it.