Peanut gallery is bullish on CL

[erlewine]

http://www.bloomberg.com/apps/news?pid=20602099&sid=aCXGOUZ2tTyE&refer=energy

"It was the first bullish forecast in six weeks and only the second time responses haven't been bearish since Jan. 4"

We close at $145 and now they're getting bullish? How do I get a job as an energy ANALyst?

 

[jasonjm]

from the article

"The oil survey has correctly predicted the direction of futures 49 percent of the time since its start in April 2004. "



priceless!

 

[erlewine]

Now they're net bearish at $129, you can't make this stuff up.

"Ten of 22 analysts surveyed by Bloomberg News, or 45 percent, said prices will fall through July 25. Seven of the respondents, or 32 percent, said oil will rise and five forecast little change. Last week 63 percent said futures would increase."

http://www.bloomberg.com/apps/news?pid=20602013&sid=a6PNOn2zt2M8&refer=commodity_futures