Looking at all the Crude Oil predictions, there is, shall we say…a little variance.
I have got one of gents at…Capital Spreads saying $150, “soon but not quite yet. Now that we are within a single days trading range we may pause for breath before we take the leap…remember the delay at the $100 level where the market continually rejected the psychological three-digit number before breaking decisively through it?”
The gents at Morgan Stanley said $150 for July 4 and Macquarie are also agreeing with the $150 dollar mark. They are suggesting the marker will be hit sooner rather than later.
Elsewhere the Goldmans tipsters are aiming for their $200 super spike.
And…the Chief Exec of Gazprom is aiming at $250. Does he know something we don’t?…surely he is not trying to influence that market…oh those Russians.
So are there any other $200+ predictions out there?
Good Luck!
DB
I've got Jeff Rubin from CIBC targeting a long term price of $225 for 2012.
I do hope he's not right.