More downside ahead??? Depending on Fed decision in March?
Scenario 1: Oil will go up as Dollar weakens due to rate cuts. (I personally think they will cut rates and announce QE4 starting in March 2019 and oil will be over $100 pretty fast as other commodities as well, at same time dollar will be falling like a rock) Target $100 +
Scenario 2: Oil should fall more if Fed keeps raising rates (Its a big IF). Target $33 then $100+
Scenario 2: Oil should fall more if Fed keeps raising rates (Its a big IF). Target $33 then $100+