DVW

A $40 Bottom in Oil?

Funny, at $140, there were predictions of $225. We see how that ended. Now at $60, projections are $40. Yeah, maybe, who knows but the market. However, huge projections to upside or downside should be noted as they generally occur at turning points.

China and India have spent the last 10 years putting in massive highway systems. I wouldnt expect oil to drop to a chronically low level and stay for any length of time.