Goldman Sachs Changes Oil Forecast From $200 to $50

Quote from ProfitTakgFool:

I guess that means Oil has bottomed.
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I think so.

Oil to $150-$200: Pump and dump (so buy while they sell before the plunge.

Oil to $50: Poop and scoop (so you sell while they buy before the rally).
 
Quote from S2007S:

I thought I heard the phrase PEAK OIL around mid summer, what happened to that scenerio.
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So you idiot, just because oil is cheaper, it suddenly became infinite too?? :)
 
Quote from Pekelo:

So you idiot, just because oil is cheaper, it suddenly became infinite too?? :)
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LOL

Oil is not getting cheaper.
It is only less expensive.
 
Do any of you actually trade crude every day for a living even???!! :p :D :D


Cos by the way you all are posting (except landis), you dont seem to have a bloody clue about how to trade oil!! :p


Oil doesnt move from 100 t 200 t 50 t 300, or anything like that...

It moves from 70-74-72-85-79-81-76-73....

Those are the moves that you actually look for, care about, and trade against!! LOL


You dont go in and buy oil at £100 per tick now at $75, just cos you know 1day oil will run out and so the price will rise eventually!!
:D
 
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