yeap i thought if we cracked the 27s then we would hit 60
we have cleared the 28.27 marker just and a close above should hold sway as turns bullish at this point.
Now as usual so what - how does sea sp react. Well if one were to take goldies note of recent which sees US economy improving in 2020 and with powell talking rate cut - both good for oil then if EZ and China pull thru ok and tradewar deescalated then I think wti head back upto 6.xx - ie one of the fib points.
So its all happening very slow but I c oil over 60, SEA +cashflow, oil cut back to 70+%, energy sector out of the doldrums (shorters really leaving this week) which shuld see SEA sp on nasdaq get back to 3 to 4x initial price ie around 60usd - thats my price guide to anyone that will listen - prob not many but i think the dead horse is starting to raise its head and kick- lets just hope its not a false dawn and mngmnet dont do anything foolish b4 time
yes more wine tonight
SEA Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
