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COULD OIL PRICES RISE ABOVE $60/BARREL?
Anggota Sejak May 09, 2017
33 pos
May 25, 2017 at 10:14
Anggota Sejak May 09, 2017
33 pos
Crude Oil prices trades on the front foot in Asia on expectations the major oil producers will extend the output cut deal.
The question is whether the major producers will extend the deal by 6-months, 9-months or 12-months. The OPEC monitoring committee has proposed nine-month cut extension. a 9-month extension may have been priced-in by the markets.
A probability of a 12-month extension is low, although that could push oil prices above $60/barrel.
The question is whether the major producers will extend the deal by 6-months, 9-months or 12-months. The OPEC monitoring committee has proposed nine-month cut extension. a 9-month extension may have been priced-in by the markets.
A probability of a 12-month extension is low, although that could push oil prices above $60/barrel.
May 25, 2017 at 12:13
Anggota Sejak Mar 21, 2017
13 pos
well fundamentals and technical points to a chance of a break out in price upwards from 40-55 range ... but when its going to break 55$ a barrel?, if its going to break out? or if opec fails and it all will come crashing down its a two way street at this time
May 25, 2017 at 13:14
Anggota Sejak Feb 12, 2016
522 pos
TanEric posted:
I am thinking of trading crude oil. Can anyone help me in knowing whether there are any chances of crude oil rise above $60/Barrel?
This is market and everything is possible, but I do not believe this will happen in short even mid term as per current fundamental situation (WTI).
Anggota Sejak Dec 06, 2016
33 pos
May 29, 2017 at 14:15
Anggota Sejak Dec 06, 2016
33 pos
TanEric posted:
I am thinking of trading crude oil. Can anyone help me in knowing whether there are any chances of crude oil rise above $60/Barrel?
It can possibly happen. As we all say, only the market can tell 😁. But with the recent news (source: https://www.funds-money.com/light-crude-slipped/), I can sense it could take quite some time to happen due to the fact that there is slow gasoline stock in the US and as well as the anticipation of the OPEC meeting.
Anggota Sejak Mar 28, 2017
12 pos
Jun 27, 2017 at 08:05
Anggota Sejak Dec 11, 2015
1487 pos
togr posted:TanEric posted:
I am thinking of trading crude oil. Can anyone help me in knowing whether there are any chances of crude oil rise above $60/Barrel?
It could but why it should?
That's what I was wondering too. I doubt it will be rallying that much anytime soon.
Anggota Sejak May 03, 2017
18 pos
Jul 02, 2017 at 06:26
Anggota Sejak Jun 21, 2017
2 pos
mlawson71 posted:TerraTopNova posted:
I think a fall is more likely now. Global economy seems to be weakening
Oil seems bullish at the moment, but I agree with you for the long-term.
What do you call a Fall ? Long term potential for significant move is up.... Downside is very Limited....
It will become uneconomical ....
Jul 12, 2017 at 11:33
(diedit Jul 12, 2017 at 11:33)
Anggota Sejak Dec 11, 2015
1487 pos
It was @TerraTopNova that was referring to a fall.
Apart from that, I call a fall any movement (to the downside, obviously) larger than 20 - 40 pips in the short term. In the long-term obviously the movement will be a lot deeper.
Apart from that, I call a fall any movement (to the downside, obviously) larger than 20 - 40 pips in the short term. In the long-term obviously the movement will be a lot deeper.
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