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| JUL 2011
How High For Crude?
As of late spring 2011, the varied response to geopolitics has pushed already firm Ny m e x Wt i crude oil prices to more than $100 per barrel. Sensing the speculation, major media and news outlets have caught the “how high will crude oil go” bug, while the pundits have been suggesting barrel prices ranging from the $120s to $200-plus. Of course, reacting to these forecasts can be treacherous. Pundits often blindly forecast prices without any measure or accountability or responsibility even if they turn out to be wildly wrong. And back in 2008, when prices zoomed to almost $150 per barrel, many people wondered how much
by Dean Roger
Technical Analysis of STOCKS & COMMODITIES
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