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Re: MovedOn post# 570

Wednesday, 03/09/2016 9:52:12 AM

Wednesday, March 09, 2016 9:52:12 AM

Post# of 1989
Still think we are going to see DNR drop under 2$. Just a feeling...Even as news hits today, this is barely going up (And I have a feeling we might close red again today). I hear what you are saying about the Rig numbers being decreased...but also we need to look at consumption as well and that is decreasing as well. I feel the pullback is still going to happen. Technically nothing has changed since before the rise of 300%+. We are going to fallback, though I do think in a month or two we will see oil stabilize to around 40$ a barrel. JMO Going to be an interesting week...

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