Longer term view remains unchanged as it has for last year or so......ultimately headed lower to test/break $25 in final wave .5 green of C) red
Medium term looking for Crude to take out $40 level coming few months.
Short term, don't be fooled by the "bounce" from 49+ to 52+.
Medium term looking for Crude to take out $40 level coming few months.
Short term, don't be fooled by the "bounce" from 49+ to 52+.
Comment:
No change to longer term view. Looking for break of $42 coming months and ultimately sub $25
Comment:
No change to long term view..... break $42 thn lower to $25 within 12 months most likely
Comment:
Unraveling very very fast....thanks to Saudi/Russia all out price war
Traded to $30 o/night but may see a bounce to mid/high 30s to try to close the gap before LOWER to $25
Ultimately may see sub $20 coming 12 months
Traded to $30 o/night but may see a bounce to mid/high 30s to try to close the gap before LOWER to $25
Ultimately may see sub $20 coming 12 months
Comment:
Markets are in fast forward mode and moving at 4-5x the pace expected
Crude Oil now with a $25 my long held target
Given macro economic back drop and virus situation the signs point to lower levels again further out
Shorter term however I think we may get some relief in this 25 zone (give or take) for a rebound back to mid 30's
Crude Oil now with a $25 my long held target
Given macro economic back drop and virus situation the signs point to lower levels again further out
Shorter term however I think we may get some relief in this 25 zone (give or take) for a rebound back to mid 30's