GREY:LSTMF - Post by User
Comment by
boarderex86on Jan 05, 2015 1:20pm
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Post# 23286510
RE:RE:WILL $ 1.09 HOLD ??? ( QUOTE / LEVEL 2 )
RE:RE:WILL $ 1.09 HOLD ??? ( QUOTE / LEVEL 2 )BCsilver wrote: How can it , oil is nowhere near its bottom yet , $35 to $40 my guess , stick target 0.35 and thats being nice
Fundamentally, what would support the price in this range? I am curious because I can see fundamental support above $60 since there is probably 10MM bbls/day with breakeven above $60 (10MM is a wild guess but you get the point). $35-40 is so ridiculously low that it seems everyone is just guessing - big banks included.