its gonna tank soon as long as the arabs keep ramping up production oil aint going higher whoosh lower it goes
This forum is dead...market tanking and the bears are nowhere to be seen. Oil steady falling lower When I made this thread the OIL etf was at 81.45. Now it is at 81.05 with no support in sight The falling dollar and lower interest rates can't overcome over production.
Oil will fall significantly, I hope this doesnt surprise anyone when it happens because when it happens its going to fall extremely fast. You will easily see a 20-30% drop.
Bleh. My barber told me I should buy oil today. I told him he should put some damn money in his shop.