Wednesday, July 28, 2010

How low crude oil prices may go?

Taking into account that month of February is usually a major low in the crude oil seasonal pattern, it's downside from the current levels is rather limited. Probably oil would consolidate into February and then reverse. I wouldn't bet on price of oil lower than $45 (comparing with $50 yesterday low) before major reversal to the upside.How low crude oil prices may go?
It will stabilize around these current levels, $45 - $55How low crude oil prices may go?
I am really into investing in ';green'; technology companies, but I also own some oil companies. I think oil can still go 10 to 15% lower. If it goes down another 10% I would suggest buying, but not before then.





With global warming guaranteed to be the big issue of the coming year, I think the best place to invest is wind and solar energy. Here are some great wind energy stocks:





http://www.top10traders.com/ViewPost.asp鈥?/a>





This is from http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in ';play'; money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors.





Hope this helps.
no lower than $40 IF you believe OPEC's cuts...$30 if you don't.
They may get down to $0. But let's face it, that isn't very likely.
A few cents per barrel.





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I can't see it dropping below $40 anytime soon. And that is very pessimistic.
$ 44.31

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