0-1. The Middle Eastern producers may be compelled to up output in the face of "lower" prices in order to pay for all of their extravagant construction and social programs. I am hoping for a repeat of the mid-1980's and a re-test of $9.99 per barrel. We'll see.
Dow peaked at 14,000 and will run to 2800 Bonds peaked around 140ish and will run to 28 Crude peaked at 140ish and will run to 28... Notice a possible trend? Hang on, I need to hit the pipe...
I keep buying every new low in QM last couple of weeks so this is a good longer term opportunity imo (building a long term position trade). Play the cycling of price in a range until it breakouts to the north again in the months or years ahead.