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WTI Light Crude Oil

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FinnishScalper
SPOTCRUDE for my opinion long term still is bearish but in short term bullish,now we on strong support zone if we break it down we fall.But i think first we go up area 62
joethewolf
USOILSPOT not sure where this heading but it feels like it going to be a big gap down on Monday opening
ShanTheMan93
USOIL what do we call fair value when the opec have there weekend bender ? 50 55
jaferk8181
USOIL Buy crudeoil at cmp 60.80 and hold . Target 62
TiffanyD
USOIL Okay, we had quite the show tonight as many of you have witnessed. People want to shine in their own light, I have nothing to prove to nobody around here. I am out, keep up the good work and do not let emotions guide you in your trading, cheers
michaelndouglas
USOIL guys i have an issue. Leaving the technicals aside(because they get taken out of equation in this current hyper sensitive sentimental market)

Why do you know/think the price must/will go up?

I am asking this because i find a strong underlying issue regarding the decrease in deposits, lower usa oil production, and DT visit last week and seeing price decrease with news that should have started sparking an uptrend.

I think the US wants to restock massive amounts of import oil at extremely cheap prices. Their prices will be well below the current value which makes it cheaper to import than to extract homeland.