AG is undeterred by the rising dollar. A strong buy here. Target: $12.65 in by 3/1/2016
Buy TK on Any Dip in the Next 1-2 Weeks and you won't regret it. Target: $10.50 by mid 2017
The long term trend is definitely bullish, so even if this setup fails, the risk of holding gold long term is very minimum. The best trade/investment I believe is to buy pull back in the early stage of a long term bull trend. I am long ABX and GDX.
Sentiment is getting better but OPEC has to cut.
Dollar is about to crash plus shorts doesn't have a lot of time to cover before OPEC result.
The value is there but patience is needed. Target: $5.75 by March 2017
The long term outlook is not very favorable in face of heightened competitions.
Windows Dressing sellers already sold. Now the buyers slowly but steadily come in. Ne has become a safe bet now. Good for long term entry.
1. Tomorrow's market reaction to EIA's weekly report will be crucial in gauging market sentiment. With or without inventory build, tomorrow is most likely an up day for oil 2. OPEC understands that without at least some kind of agreement to alleviate the glut, oil is doomed and so is OPEC. So the chance of an agreement is high 3. Many other factors also favor a...
My previous analysis now seems a bit optimistic. The larger picture is still unchanged though. Several points: 1. Rig is the leader in OSD so the strength of the overall market helps a lot 2. The market is pricing in a lot of the negative news. Even if no deal in this OPEC meeting, any news on continuous deal efforts could keep oil bears in check 3. There is a...
The most likely path is to go down to a little bit before a huge rally. 2065 area is the most likely target but it could go down further to 2030. But I feel 2020 should be very safe. If it ever gets there, it's a strong buy.
I bought some NE and RIG calls today. You may not want to buy but you definitely don't want to sell. Worse thing that could ever happen to longs is to sell at the very bottom. Today or Monday could be the bottom of NE. Probability? I say 70-80%. Why? Earnings is really bad but selling pressure was not that great amidst a down market, down oil day.
We are looking at 50% appreciation in 3-6 months. Target: $11.40 by March 2017.
USOIL Will Likely Bounce from Here and Then Drop, to setup the bottom.
Aided by the drop of USDOLLAR and OPEC (Saudi might throw in the towel and cut), $55 Oil is Still the Most Likely Target by Year End 2016.
You can't go wrong with this type of predictions, can you?
No brainer long here. Target: $54.72 (1.27 extention)
NE short term is going to $6.9-$7.0, then fade till election. Long term trend remain unchanged.