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ConocoPhillips Message Board

  • dbaker08723 dbaker08723 Dec 24, 2008 8:29 AM Flag

    crude bottom

    Powered by Minyanville: Crude Near a Bottom?



    Is crude oil near a bottom? According to fund manager Daniel Bruno Sanz it is. Bloomberg reports not only is he calling for a bottom, but using Demark Sequential Indicators applied to the weekly chart, he believes crude will rocket to $93 a barrel within the next few months. The timing coincides with the peak driving season in the US, which is May and June. It marks a 50% drop from its “almost vertical fall, which is completely overdone.” Sanz said.. Jeff Saut mentioned his thoughts on crude oil in Short-Term Uptrend For S&P 500.

    (Full Article)

 
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