Welcome Stockaholics!

We are a new and fast growing financial forum! Sign up for free and let's talk stocks!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

/CL (Crude Oil Futures) - $90 or $60 next? Vote!

Cy's official Stockaholics thread archives group.

?

What comes first for the /CL from here? $90 or $60 next?

Poll closed Oct 15, 2018.
  1. $90

    50.0%
  2. $60

    50.0%
  1. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    12,914
    Likes Received:
    3,924
    Haven't done one of these in here in a super long time. Credit to @stock1234 for the idea over on the weekly thread today! :p

    Crude has had a heck of run here as of late. Going from about $65 in August, up to the current level of just over $75 today.

    Will this run continue into year end and beyond? Where do you all see oil prices going to next from here?

    $90

    or

    $60

    Here is the weekly chart of the crude futures as of October 1st, 2018-
    [​IMG]

    This poll will close in 2 weeks from today, so...

    VOTE & POST YOUR VOTE!

    [​IMG]
     
  2. stock1234

    stock1234 2017 Stock Picking Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    3,072
    Likes Received:
    1,953
    Going with $90 :D
     
  3. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    12,914
    Likes Received:
    3,924
    $60 for me :p

    although wouldn't be completely surprised by a quick spike up to $90 on some geopolitical black swan event, but don't think it would be sustainable up there.
     
  4. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    12,914
    Likes Received:
    3,924
    wow, crude has been taken to the woodshed the past few weeks :eek:

    looks like just under another -5% to go to reach that $60 handle

    i did not think we would be testing these levels so soon :p

    [​IMG]
     
  5. stock1234

    stock1234 2017 Stock Picking Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    3,072
    Likes Received:
    1,953
    Looks like I am pretty wrong on my prediction :p
     
  6. bigbear0083

    bigbear0083 Content Manager
    Staff Member

    Joined:
    Mar 29, 2016
    Messages:
    12,914
    Likes Received:
    3,924
    crickey! looks like $60 has been hit :eek:

    i know i said this the other week, but i honestly did not expect crude to crash (i mean let's call it what it is -- down -20% from the high in a couple of weeks is basically a crash) down to $60 like this...crazy move.

    [​IMG]
     
    Onepoint272 and stock1234 like this.
  7. stock1234

    stock1234 2017 Stock Picking Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    3,072
    Likes Received:
    1,953
    Good call by you Cy :D Yeah the pace of the crash was pretty amazing :eek: I was expecting a steady move up and clearly I was wrong :p
     
    bigbear0083 likes this.

Share This Page