How Low Will CL Go Between Jan 1 2016-Dec 31 2017?

[recession2016]

$20 eventually with short covering rallies along the way

unless saudi arabia drastically changes its policy, other OPEC members can't do anything but create rumors to fuel short rallies like the one from $26 to $42...fundamentals haven't changed and oil keeps making lower lows and lower highs meanwhile

 

[murray t turtle]

$20 eventually with short covering rallies along the way

unless saudi arabia drastically changes its policy, other OPEC members can't do anything but create rumors to fuel short rallies like the one from $26 to $42...fundamentals haven't changed and oil keeps making lower lows and lower highs meanwhile

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One oil exec was afraid oil goes to $10.00, possible.
But the option writer [MODERN TRADER, May magazine writer], noted Put premium of $23 NOV....; call premium of $65 NOV. He wasnt making predictions, simply premium estimates.

$23 NOV maybe a bit low, but i'm more of trend follower than predictor; i use more red + green, he likes orange + green. Wisdom is profitable to direct