after the Qatastrophy in Qatar, how low does oil go

ALWAYS BLAME IRAN FIRST

 

Would expect $3 down tomorrow....with $35 and then $30 within weeks.

 

Hard to say where sentiment is positioned, but prevailing sentiment is "lower for now but definitely going higher." That is so universally believed but it assumes that there is no moderation in demand in the next 18-36 months. But that would be like 10 years without recession. Any recession and oil could go to teens. But supply is much easier to measure than demand so all the analyses look at supply, keep demand constantly increasing, and then announce oil is going back to $80 and above.

 

I can confidently predict that traders with a tight stop will be liquidated.

 

my stop (i'm short) is 250 ticks away

 

down $2.5 a barrel to $37.84

 

and a few with wide stops will be liquidated at the worse possible price

 

well you guys called the open pretty well. we had consensus mean of $2.50 and that's what we got

 

Indeed...heck I remember last October in crude...after I witnessed that epic squeeze in just a few days, nothing would surprise me at this point.

 

%%
I dont do predictions; but trying to do predictions on ''low tomorrow....'';
you maybe right.LOL