For oil this year we had a low of under $26 and high of about $52 so I reckon that we hit $38 take or give before the end of this year. My $.02..
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DislikedTwo days after the Trump win, we have crude trading here in the low 40s. We see this as an excellent entry. We expect crude to be over $90 within a year from now.Ignored
Disliked{quote} Though crude is up around 14% since our entry, it is still not too late to go long even for the short term. We see good odds for it to break $55 before the end of January. Though our primary play is to see it over $90 before the end of 2017Ignored
Disliked{quote} Though crude is up around 14% since our entry, it is still not too late to go long even for the short term. We see good odds for it to break $55 before the end of January. Though our primary play is to see it over $90 before the end of 2017Ignored
Dislikedpersonally medic, i am not heeding that rhetoric. I don't see crude hitting 90 again for a very long time. but nobody knows for sure.Ignored
Disliked{quote} so, not below 40 we are going to see? my thinking stocks move down would bring oil much below 40 till January..., ??Ignored
Disliked{quote} Hi Jfrancis, Nice chart on oil above. I guess it is a bit debatable how far Crude Oil is likely to go on this pop. The 4 Hr chart below shows Gartley's 222 pattern, which seems to limit the upside somewhat.... On another matter, AUD/USD seems to be playing out as expected - nearly time to top up position/s IMO. {image}Ignored
DislikedMaybe Crude oil price action is actually climbing non stop: looks a lot like consolidation before popping higher (bull flag) - however the Gartley 222 pattern suggests lower price action is just around the corner. If that bull flag/pennant fails (say 50.50 is broken) then one could look for short short/s & see if oil is going your way 4 Hr chart: {image}Ignored
DislikedOil right on higher time frame triangle resistance. Is that a head and shoulders forming on the intraday charts? {image} {image}Ignored