Forecast came false

Oil Bottomed at $50-55/bbl: Buy Energy
2 august

Oil is trending in the $50-55/bbl, up from the $45-55/bbl. This suggests energy has broken out of the downtrend.

Buy CVX. BUY BP, XOM, COP too.

Energy bottomed. Buy. Agree or disagree?

Agree: Oil > $55/bbl

Disagree: Oil will fall.

LOGIN to vote now.

Related: PBR, AR.

Answered:
17 people

Oil Bottomed at $50-55/bbl: Buy Energy

Agreed
4 people
Disagreed
13 people

Forecast came false

Oil is $47.29. Wrong. Not $50.