Crude Oil - Bottom could be lower or much lower.

NYMEX:CL1!   Light Crude Oil Futures
1207 5 15

The end could be far.
Limit profit for saudi Arabie is 35 $a baril...under that they loose money....we can expect a lot of buyer could enter on the Market at this price...but ask for oil need to grow too..
YaKa maximus71
Call it 44/30.
I know an excellent oil trader that is running short from 75... he is still short (momentum guy though so he could miss the bottom if it does not reach target).
Yes with trend Line s and other indicator it Was possible to detect last summer a directions ´ change in oil Price....fondamental for oil Was bearish too ....world demand for oil are Bear until end of next summer....we need just to be patient ...a lot of opportunity will born next year...
I agree with you....if 44.- broke we could see easy 30.-- next year and a lot of opportunity on pétrodollar firm with low low price....and million of profit in 5 or 10 years....im sure...
30 USD would represent a drop of 80% from its peak value and could be the no brainer buy we are looking for.
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