Crude Oil: +5% today, worthless coming up?

[WhiteLove]

I was looking at the crude oil futures (http://www.investing.com/commodities/crude-oil), then I was looking at the chart from the perspective of up is down and down is down. Then I thought for myself: It looks like that chart is going towards 0. :blushing:

[lucidity]

When the price does go to zero.
Buy a billion barrels... and wait for the price to rise. :-)

[Wide-Eyed]

I was looking at the crude oil futures (http://www.investing.com/commodities/crude-oil), then I was looking at the chart from the perspective of up is down and down is down. Then I thought for myself: It looks like that chart is going towards 0. :blushing:

http://www.zerohedge.com/news/2016-01-21/something-blowing-oil

[ghostrider]

Iran could flood the market and totally kill the economy ... banks are vested heavy in oil , the dominos could fall very easily ... it was 1981 when gas was 1.39 per gallon ...

[mgray]

Everything is green today on the prospect of EU and Japan easing monetary policy and injecting markets with more heroin (eh liquidity).

[Baby Steps]

Cheapest cost to pump out of the ground is $15-$20.
At this point most North American production shuts down, many jobs go.
Russia is courting the Saudis, Qataris & Iranians, probably to try and reduce supply.
The Saudi state needs $80 to stay afloat, Russia needs $100.
Assuming no war, perhaps it will continue to fall then start climbing back.

[Lefty Dave]

Greetings friends and neighbors...

It would appear that yesterdays' and today's vast upward move was to tighten up those who shorted the market two days before...choke them out...and then the 'correction' may continue...just one dummy's opinion...I could be wrong !

Blessings
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