OK, with oil off $10 in 2 days and $6 overnight to be the largest 1 day fall since 1991, lets see where people think oil will close 2008 at
Perhaps just make a brief comment attached
My call: $175-$180
Reason: This quarter is a cyclically weak period for commodities. Oil will likely fall another $10 short term, but from there i think it will hold and consolidate before moving much higher over the final qrt and a half of the year
The long term outlook for oil and commodities is up.
USD is also a garbage currency. If it weakens further, oil will spike again and again.
- Forums
- ASX - By Stock
- end of year oil price predictions
OK, with oil off $10 in 2 days and $6 overnight to be the...
-
- There are more pages in this discussion • 60 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)