Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (69115)	10/11/2019 6:09:50 PM
From: Goose94	Read Replies (1) \| Respond to of 202426

Crude Oil: Mr. Josef Schachter commented regularly that I’m a bull on the energy sector and investors should plan on being buyers during market dips. While we see a breach of US$50 per barrel in the short term, we look for a recovery into the second half of 2020 to over US$70 from a low of US$47-$51 over the next few months as weaker world demand due to trade worries and the fall build season lowers prices near term. Our view is that a new energy bull market started in February 2016 when WTI was down at US$26 and that it should last five to seven years. In the outlier years we should see over US$100 for WTI on a sustainable basis. Use market dips to add to positions. For the S&P/TSX Energy Index, we see a pullback to under 120, which should provide the next great entry point during tax-loss selling season. In the near term, we see overall market weakness as the trade battle tweets by Donald Trump pressure stock price levels. A 10 to 20 per cent overall stock market correction (for the Dow Jones Industrials and the TSX) is possible before the end of 2019. Josef Schachter on BNN.ca Market Call Thirst-day Oct 10th @ 1200ET