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COULD OIL PRICES RISE ABOVE $60/BARREL?

mlawson71
Jun 25 2017 at 11:58
1487 комментариев
Right now it's so bearish that $60 per barrell seems like an impossible dream, if you ask me.

stuartgc
Jun 26 2017 at 06:17
2 комментариев
so it does... but beneath 45$ it becomes an unservicable product.... long term... must go higher...

vontogr (togr)
Jun 27 2017 at 06:45
4862 комментариев
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?

mlawson71
Jun 27 2017 at 08:05
1487 комментариев
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.

TerraTopNova
Jun 27 2017 at 13:43
15 комментариев
I think a fall is more likely now. Global economy seems to be weakening

mlawson71
Jun 28 2017 at 11:50
1487 комментариев
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.

rob559
Jun 28 2017 at 14:52
1916 комментариев
i pay 1.20 gallon west tx,as long as us provides oil it will never go to 60

Baldo (BaldoN)
Jun 30 2017 at 13:20
522 комментариев
On weekly chart WTI may close overlapping the previous candle showing some reversal signs. Most likely if this happen we may see movement up to $48.20/50

stuartgc
Jul 02 2017 at 06:26
2 комментариев
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 ....

mlawson71
Jul 12 2017 at 11:33
1487 комментариев
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.

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