Commodity Trade Mantra

Posts Tagged ‘Oil Forecasts’

Is Oil Going to $70 or $20? Answer May Surprise You

Is this oil bounce for real? The legendary T. Boone Pickens thinks oil’s going to $70 before the end of the year. Then you’ve got the infamous vampire squids at Goldman Sachs telling everyone to get ready for an oil bear that’ll last for 15 years—and send crude down as low as $20 per barrel. So who’s right? Take a look for yourself.

Citi Slams Historic Oil Surge: "Another False Start, Time To Fade The Rally"

Citi’s Ed Morse together with Goldman has been bearish on oil for a good part of the past year, and slammed the crude breakout when he released a report titled “Another False Start…Time to Fade the Rally” whose punchline is that “Citi foresees that WTI and Brent prices should post another fresh leg lower—perhaps making new 2015 lows—before year-end.”

Truth That Experts Aren’t Telling You About Oil Prices

It’s too bad so many investors fall for the guessing game. And you can count on the big banks to supply the bait. I’m not a fan of the guessing game. If you want to make money in the markets you have to react, not guess. Let’s make money reacting to what the oil charts are showing us right now about oil prices.

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