DeltheTrader
Short

The Case for $15 Crude

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
We are re-entering a large bear channel that has been active since end of 2014. Channel low, harmonic extensions, and fib clusters are pointing to $15 crude, or at worst, $10 before a any significant reversal.
tbuckle PRO
4 months ago
Why is your estimate so high? I was thinking more like $3.24 per barrel.
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DeltheTrader PRO tbuckle
4 months ago
Haha. Well if that were the case, I'd be clearing out my garage for physical storage.
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