Crude Oil – 06.12.2016

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We have been very precise with our oil analysis so far. Our latest oil article hit the target price on 18.11.2016 (click on the following link to see the article; http://stocks2u.com/en/commodities/crude-oil-11-11-2016/ ).

 

Since the OPEC agreement, oil has surged to $52 and trading at $51 right now. We believe the hype is over and the Crude Oil January 2017 options will have a consolidation. Our first target is $49. There may be a weak support there. However we are expecting the drop to extend even further to $47.50 – $48.00.

 

Once our target prices are hit, we will update our analysis.

 

This cannot be considered an investment advice!!