SMCJB 

Crude runs have recovered nicely, up nearly 1kkb/day from the early October lows. I know it's only a guesstimate but interesting to see that the DOE is reporting production flat to higher than the last few months.

also keep in mind that this is a seasonally weak period for oil due to the lack of demand from some refineries caused by year-end tax on inventories. This...plus the current short-term downtrend on the chart is a headwind.

well....previous/recent trading range was (basically)$45-50 (+ or - 1.50); but now......"oh that pregnant pause" just like the commodity......it seems to be basing for new trading range of $40-$45. IF goes below Aug flash-crash support of approx. $38.xx then "look out below!!!"

Big Mike 

What's next for crude? Vote and discuss. Mike

Both is likely within the next year, but who cares, just trade price as it evolves. What good is a prediction anyway? Just a way to stroke ones ego.

SMCJB 

With Dec ~ $40 and Jan ~ $41.50 I know $30 is closer than $60 but I just don't think WTI goes that low. So it may not be any time soon but I have to pick $60 over $30.

That's the idea, asymmetrical returns. I see majority have voted for 30 first, so far.

Mike

ActiveTrader 

Both is likely within the next year, but who cares, just trade price as it evolves. What good is a prediction anyway? Just a way to stroke ones ego.

Polls like this are to generate discussion.

Mike

https://finance.yahoo.com/news/chart-says-crude-oil-going-110000658.html?soc_src=mediacontentstory&soc_trk=tw

Mike

With current ending stocks and the way US Dollar is gaining value, I bet for $30 (without putting any money of course).

US Natural Gas stocks set a new all time high today as well!

SMCJB 

US Natural Gas stocks set a new all time high today as well!

Or something like that...

Mike

30, it is a bear market. A real bear market, not a bear market with the Fed helping to ease the pain. It is a almost the opposite with the Fed being on the dollar's side with the rate hikes.