Post by
Carjack on Mar 27, 2023 7:25pm
Oil bottoming
The good news is we are heading for another 2 year bull market for oil. China is on track to meet/exceed the growth targets they have set. Look for $110 oil by year end, oil is showing technical strength. Nat gas needs a little more to bottom out but should be very close. For trading days like today Sugaree would say don't get tricked out of your shares. Only a few days left to the end of this quarter and investment statements go out to the poor suckers paying investment firms. I would expect more volitility this week but some good Chinese economic date due out Thurs/Fri should point us into a better direction into April. The info above is based on many sources but I believe maximum bearishness has been achieved. Good luck to all the long bulls better days are coming.
Comment by
allin100 on Mar 27, 2023 9:01pm
Haven't heard Indicator on here for a while, how are things looking to you?