Post by
theman0 on Nov 27, 2014 10:53am
Oil Price decline now getting stupid.
The price of oil has now entered the stupid phase of its decline. I expect a violent move up that will surprise virtually everyone. $10 -15 dollars higher by January.
Comment by
theman0 on Nov 27, 2014 11:18am
Know so! $80-85 by Jan 1st. $90 by Mid to late January.
Comment by
madmax1970 on Nov 27, 2014 11:20am
what makes you say that? it will take a while before oil comes back to $90
Comment by
theman0 on Nov 27, 2014 11:32am
Todays action is way over done and has now given the market an extreme oversold condition; looks like a potential spike bottom to me. These extreme readings have happened several times over the past few years and have been followed by surprising moves to the upside. We are also in what has typically been a seasonal strength period for oil.
Comment by
farco on Nov 27, 2014 12:39pm
Apparently the US of A and OPEC found a tool to kill some concurrents (Russia for the USA, Iran for the OPEC). The more funny is that Obama is killing the production of his own country. Dumb will stay dumb.
Comment by
ILUVDIVIDENDS on Nov 27, 2014 1:56pm
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