RE:RE:AnalysisAt the moment if we do see a rise in the price of oil it will have everything to do with the world events.
Opec can slow the production for only so long, it does not take away the fact that everyone still has the ability to produce and once the holdback is lifted it'll be back to mass production.
This is just a temporary solution for a limited time.
It was Syria that created the recent spike and if things boil over with North Korea and spiral out of control oil could go through the roof.
If this does happen oil can go to any number it wants. The markets are going to tank and take everything with it. The markets do not like instability and a potential world war will crush them. Oil could go back to 100 a barrel but sadly it won't make any difference.
If the world does stabilize, the markets will tell us before we see the actually rise in oil out of its trading range. You'll see money start to come into companies and they will rise above there moving averages, as the markets always react a little ahead of any major events.
Well see cpg move into the 16-17 range before oil goes for a run, right now it sniffs 15 and heads back to 14 and it'll keep doing this until the markets know well before us that oil is going to move up and stabilize.
This of course is only if we don't see fire works happen in the near future.
If the fire works happen I'd be pulling all your money out as fast as possible, because the markets are going to crater.
CPG could possibly see 7,8,9 if we see fire works. Who really knows where the bottom could be but it won't be good.