Replies to post #30966 on Elite Swing Trades

[abouissa]

I can see and understand your point my friend

[neuroFC]

further oil losses will cause global deflation
no matter how badly Saudi Arabia wants to crush US shale, at the end of the day it just wants to make a buck.

i think there is one more bottom - not a few pennies lower like we've been getting - a proper bottom driven by short sellers closing out. but i don't think Bank of America's $30-$35 target is realistic.