4xbullion
Short

Crude Oil Target 37.5-37.25

NYMEX:CL1!   Light Crude Oil Futures
45 2 1
A Fibonacci projection suggests that prices will move to $37.5 levels before correction set in.
The prophecy almost came true ;P
Reply
So what is your opinion of the best way to go long? 3X ETF kills the long position, Options get caught up in contango as well and by the time price recovers it's more like 2 Qs instead of 2 months. While the glut is consumed, the HR side of the drilling infrastructure gets laid off as rigs get parked till drilling is economic again. By the time prices recover cheap oil will have driven demand up globally (Because who can say no to a sale seriously?) to a level that should overwhelm the capacity for unconventional resource plays to ramp back up the reason we are here in there first place. So say 2 years from now we are inclined to believe that oil will be back above 100. What then?
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out