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Message
re: Oil stocks...are you buying?
Posted on 1/15/16 at 12:00 pm to LSU1NSEC
Posted on 1/15/16 at 12:00 pm to LSU1NSEC
quote:
my charts showing oil might be ready for a correction (upward)
it is. beyond the charts, also Saudi's baseline is around $28. They will start cutting back production but with the exports ban lifted tells me the Petrodollar days are over. Going in a different direction with a new baseline and standard.
This post was edited on 1/15/16 at 12:03 pm
1
Posted on 1/15/16 at 12:05 pm to sheek
Yep, I posted a few months back my target for WTI was a short-term move down to the $28 area then a rebound.
I'm not an expert on crude though. I just chart it for the practice.
I'm not an expert on crude though. I just chart it for the practice.
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