I don't know, let's see what Naguib predicts in 18 months time will come true.
From the chart, price is facing a resistance at 27.94 currently, It could retrace and heads south or breaks out and continue to go higher and eventually fill up the gap.
For Warren Buffett , the legendary investor to unload all airlines shares means a great deal. Not only financial losses but more importantly, for someone at his level, he must have seen something that many do not. And likewise for this relatively unknown billionaire, Naguib Sawiris who is going against WB and says that Oil will shoot up to 100 in 18 months time.
Could he be a hustler and stoking fire with the retail traders to start buying ? A quick check with my circle of traders and most are staying away from this sectors as they have the risks is too high and they felt safer to stay away especially after reading what WB said.