Is Oil heading back to $70I can`t see Oil rallying and as we get closer to the holiday money will be pulled from the market plus tax season next year will see massive cuts in revenue from Oil producers in Q4 we seem to be heading back toward $70 if this recession worsens next year I`m calling for $65 and I feel pretty good beating every analyst projection starting late June when I called for $75 Oil by years end and could I have nailed it any closer and when big firms stop giving guidance on Oil I knew then that I beat them. Keep your powder dry while fewer and fewer investors are in the market. I've traded through 7 Market Crashes and believe me, I've learned a lot. You have to use common sense if something doesn't gel then don't buy taking unnecessary risks could backfire in this day-to-day condition and if you don't understand something then walks away. I'm not trying to piss in anyone's cornflakes but if I believe that something will come to pass I will post it the buck stops when you make your decision though so DD all you can and these BB are for everyone to air their thoughts.. GLTA JMHO
10 stock market crashes from history, explained – Chicago Tribune WTI crude futures fell almost 3% to around $74 per barrel on Friday, extending losses for a second consecutive session as concerns about recession-driven demand downturn, particularly among advanced economies, took the driver's seat. Global industrial activity remains weak, especially in the US and Europe, with tightening financial conditions denting economic activity while posing a significant risk to the demand outlook.