I am still waiting for you to contribute anything to this thread. Please contribute your opinion on oil. I am willing to hear it. All you have have written are snarky troll comments
The target is meaningless without factoring contango. It cost a fortune to store oil now so if the bottom is 6 months from now you have to knock off another 6 dollars in storage costs. We're still more then a year away from a meaningful bottom and we have some big liquidations that need to happen first, primarily Noble and Glencore. Both are teetering