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98 comments on Oil (CLZ07) settles above $93...and in the next month...?
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98 comments on Oil (CLZ07) settles above $93...and in the next month...?
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Got burned last time. I voted it would stay in the trading range. This time I voted it would hit $100 first.
I vote it will touch 86 before jumping up through 100. Gotta have that volatility to make the traders money. However I do think 100 before the year end is still a distinct possibility.
I vote for volatility. If it hits $100, it could easily crash back down to $70, since big round numbers have at least as much impact on markets as real data. After that, fundamentals will push the price back up within a few weeks or months.
I am with you on both counts.