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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Jacob Snyder who wrote (74358)12/6/2022 1:11:28 PM
From: Jacob Snyder3 Recommendations  Read Replies (2) of 97597
 
Oil tradingeconomics.com

Russia sanctions
OPEC production cuts
Re-filling SPR

But nothing stops oil’s decline. Now below the September low. At the 2018 highs. In 2016, oil got as low as $29. And that was without a recession.

I’m going to make a specific prediction: oil troughs in the $30-50 range, sometime in 2023. I will wait till then, to buy back XOM, CVX, SU.
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