We will see a rise back to $40. Putin is totally bluffing on producing oil at $25 to $30 for 6 to 10 years. He has already hinted on the willingness to talk to Opec. They cannot produce a $40 barrel of oil and then keep selling it for $30. Upward price pressures will develop. A good long trade.
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Joined Oct 2016
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Status: Member
|283 Posts|Invisible
Anyone buying yet? or is it to soon? I got 2 small position at $27-25 (Brent Crude Oil). Waiting with most of my money for below $20 and saving small piece just in case we see below $10. I have a bad feeling this will take a long time to fill that gap up to $50's and higher...I just hope we don't see negative price if everything closes...lol good luck to al
I don't know what the crude oil will do tomorrow or this week ...
All I know is that studying the charts I see an area of interest between 7 and 9 dollars, but not before this summer.
In addition to Russia, Saudi Arabia and US agreements, we must think that there is an ongoing economic crisis and no one has any idea when it will be over
I don't know what the crude oil will do tomorrow or this week ... All I know is that studying the charts I see an area of interest between 7 and 9 dollars, but not before this summer. In addition to Russia, Saudi Arabia and US agreements, we must think that there is an ongoing economic crisis and no one has any idea when it will be over
Joined Mar 2008
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Status: Name real with real own way
|17,721 Posts
though not bottomed yet limit 53.21 remain as target/ watch next. real now swing target can be 45.23 / 49 before real bottoming though , minimum up 37.05 to go further down if as last leg also welcome ! again asmarket not going to improve so soo hence more ranging ups & down lilley & so targets above 45 most logical.
