Short Term Trading Member Forum

[SilentOne]

Crude oil is going to crash??

Gulp. I finally see what could be coming. Crude oil is going to crash (which will finally crash everything else). First to ~18 (the 2002 low), then lower still later this year to the 1999 low (~11???). There’s no sign of a bottom here as we approach a 20 month cycle low. The $20 level will likely happen in the not to distant future? Does this seem even possible? If crude can’t rise above $30 here on the March contract next month, there’s no where to go but down.

cheers,
john

PS There is no fundamental reason for it to go up right here. Not one ...