Iran Crude Oil

[WinbornTraders]

The Crude Oil (WTI) will hit $105 in next two weeks. Tace Kare Of it.

Winborn Traders

 

[9samurai]

well done guys, good call!

 

[data_editors]

A look at the crude oil chart attached - it appears that it has formed a consolidation inverted head and shoulders pattern with a neckline around 104-105. The price has broken out with a measuring implication of about 134-135.

 

[SonnyZH]

Not quite.

 

[WinbornTraders]

be informed that US Crude oil will hit $100 within next 2-3 weeks.

 

[WinbornTraders]

it seems i'm alone in this site as there is no comment for the best call

 

[Atilla]

it seems i'm alone in this site as there is no comment for the best call

What are your reasons for expecting oil to hit 100?

I'm expecting 84 due to falling demand and lack of economic activity coupled with Euro and Asian clouds in the horizon.

 

[Dunstan]

Hi,

Looking at the latest COT report, I would say that prices have a greater chance to move further up. A good sell opportunity will be when Commercials are in extreme net short territories, around/below -300.000 contracts and Small Speculators are highly optimistic about the market = their net long positions reach >+50.000 contracts.

Have a nice day,
Dunstan

 

[hgh]

Yes. Indeed. Yesterday somebody said would short it @93.5. Now the trend will keep for a while.