Recent content by MrJayHyung

As many speculators insist, even at this point, the demand for oil is continuously declining. China and U.S., which are the greatest consumers of the world economy and the oil industry, are facing the lowest growth rate, recently. However, the oil price will not necessarily drop even further...

Surely, considering the actual demand and supply level, the price has to be set between $30-$40, if not lower. But due to the fact that people are quite unaccustomed to such price level, investors--well, mainly speculators--are working as a supporting line for those price ranges that are...

Sure thing. It seems to me that oil price is stabilizing, even though there are many experts who claim that we didn't see the bottom.

Most of all, I really appreciate all the comments and opinions. It mean a lot to me since it was my first post. Recently, I see more and more articles suggesting further decline in oil price in numerous places. Just like everyone else here, I don't believe the predictions made by CNBC, but...

I will look it up. Thanks, man.

After reading few opinions and more articles, I am starting to question if we have already seen the bottom of oil or not. This articles especially points out that we didn't. Check this out and I hope you do great with your investment. Thank you very much for your comment and opinion. Cheers...

Thanks for the comment.

Hello, guys. First of all, I am new here so let me know if this thread doesn't belong here or if there's any other administrative problem. As many traders in this forum have surely noticed, the oil price is hitting the new lowest point, although we are observing a sort of minor rebound at this...