Oil prediction, $150

Discussion in 'Sharemarket News & Market Analysis' started by Sackie, 24th Mar, 2022.

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  1. paulF

    paulF Well-Known Member

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    Lots of geopolitics going on at the moment and world supply chains are being rewritten. As per your other post, i think this will persist for the short term but will ease for sure
     
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  2. Sackie

    Sackie Well-Known Member

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    Lol most women wouldn't me thinks.
     
  3. Lacrim

    Lacrim Well-Known Member

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    It will persist for a while but as long as the trend is down I'll be happy. We just need to get to the Goldilocks conditions of late 2019 IMHO. Hopefully by this time next year there'll be a clear line of sight.
     
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  4. Sackie

    Sackie Well-Known Member

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    Oil inching higher at a crucial resistance zone. If it breaks above. ..Pretty please......

    Screenshot_20220610-205647_TradingView.jpg
     
  5. datto

    datto Well-Known Member

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    Looks strong. Also noted the other day that natural gas nearly hit ten bucks.
     
  6. Lacrim

    Lacrim Well-Known Member

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    Still think this is gonna happen? I've hedged oil prices (on my personal consumption anyway:D) by holding Woodside lol.
     
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  7. Sackie

    Sackie Well-Known Member

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    Definitely off my prediction here. I did profit from it but not as much as I'd liked. It didn't happen in the timeframe I expected. Will it (150) happen ever again? I reckon at some point:D