Oil is moving to 20's level, tough time for American oil stocks...

[Chubbly]

"contribute factual posts and all issues will fade away."

I am still waiting for you to contribute anything to this thread. Please contribute your opinion on oil. I am willing to hear it.

All you have have written are snarky troll comments

 

[Trader22]

i don't know your methods but i like your numbers. My analysis says $23-$27 before we get anything approaching a solid bounce. as always anything can and will happen. GL

even 25.5-27 we will at a minimum bounce to 33.22 UNLESS we bounce to 33.22 before we hit 25.5-27.

 

[Maverick74]

even 25.5-27 we will at a minimum bounce to 33.22 UNLESS we bounce to 33.22 before we hit 25.5-27.

The target is meaningless without factoring contango. It cost a fortune to store oil now so if the bottom is 6 months from now you have to knock off another 6 dollars in storage costs. We're still more then a year away from a meaningful bottom and we have some big liquidations that need to happen first, primarily Noble and Glencore. Both are teetering