Henrik Zeberg reckons Oil could get as low as $10 during the...

  1. 1ronnie
    24,030 Posts.
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    19/09/24
    14:26
    Post #: 75746628
    Henrik Zeberg reckons Oil could get as low as $10 during the forthcoming deflationary bust [Dec24-Q1 25].

    $10 is even lower than the Covid lows ($20s), I doubt Oil could get that low but even at $35, that would be a disaster for oil market and oil stocks. $35 oil returns it to Oct 2020 lows and complete the first X-tree formation.

    All time
    WTI Charts and Quotes — TradingView
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    lightbulb Created with Sketch.  Great analysis
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