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youtoo

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youtoo

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Saturday, 05/13/2017 12:33:05 PM

Saturday, May 13, 2017 12:33:05 PM

Post# of 64475
$40 or lower, one quote
http://www.worldoil.com/news/2017/5/8/hedge-funds-bail-just-before-opec-driven-oil-rally-vanishes

If recent history is a guide, WTI may need to dip just below $40/bbl to form another bottom, but a bottom could already be there at close to $45, Mike McGlone, a Bloomberg Intelligence commodity strategist, said in a report. The market needs a jump in short positions, or bets that prices will fall, before it’s ready to start another rally, he said
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