Oil rises to new six-month high.....Do I hear $75, $100, $150, $300

[plan]

I think oil should be around $40 -$50 according to supply/demand. The last $20 is just the inflation trade/USD weakness.

 

[Kassz007]

Quote from number22:

Only Goldman Sachs knew where the oil price is heading.

Didn't they predict $200 oil last summer?

 

[ttbodnar]

Yes they did which means they are doing the standard Goldman cover their position into their upgrade/downgrade

 

[crgarcia]

Quote from S2007S:

Oil rises to new six-month high.....Do I hear $75, $100, $150, $300

Speculation drives oil prices, not (much) supply-demand

The big speculators (banks) have no money now.

 

[Landis82]

Quote from S2007S:

Do you actually think in this deep recession we have going on right now with MILLIONS of unemployed that oil can sustain a move above $50.00.

What do you think the price of oil is worth, because you know its not worth anything more than $35.

As a "paper-trader" you obviously live in Fantasy Land.

Right now, crude oil is nearly 40% above your $50.00 number and 100% above your so-called "fair value" number for Crude at $35.

In fact, it's been SUSTAINING TRADE > $50.00 since March 17th.

You obviously don't trade for a living.
You obviously have no clue what you are doing, yet you post on these message boards as if you do.

Your predictions have been ( and are ) a TOTAL JOKE!

 

[S2007S]

$75 ever so close, maybe $80 next week, will be getting very close to shorting oil. No chance what so ever of a turn around in this economy with oil moving higher, the economy cannot sustain any growth with skyrocketing oil prices. $85+ oil will feel like $130+ oil in todays slow economy.

 

[cashcow]

All depends upon what the dollar does, however I would be selling around $72 and expecting a drop back down to $66 over next few weeks.

 

[number22]

Quote from Kassz007:

Didn't they predict $200 oil last summer?

Saying is one thing which is different from acting. Learn the market, buddy.

 

[usman88]

Quote from Landis82:

As a "paper-trader" you obviously live in Fantasy Land.

Right now, crude oil is nearly 40% above your $50.00 number and 100% above your so-called "fair value" number for Crude at $35.

In fact, it's been SUSTAINING TRADE > $50.00 since March 17th.

You obviously don't trade for a living.
You obviously have no clue what you are doing, yet you post on these message boards as if you do.

Your predictions have been ( and are ) a TOTAL JOKE!

couldnt agree more
but hey without these type of people how else can we earn easy money ?

 

[limitdown]

Quote from S2007S:

$75 ever so close, maybe $80 next week, will be getting very close to shorting oil. No chance what so ever of a turn around in this economy with oil moving higher, the economy cannot sustain any growth with skyrocketing oil prices. $85+ oil will feel like $130+ oil in todays slow economy.

where ever would this market be without positive thinkers?

never mind about the human costs, and the damage to the economy and to personal ecomomies of real families, suffering real damage due to these speculative / damaging spikes,

never mind about that, just let's bank the profits and run...

Oil $71.33 +$1.43 Wed June 10th, 8:43am Est

never mind about the consumers of oil

just us traders, bankers, lawyers and such....

anyone else say: "dollar, dollar, dollar Bill, y'all"?