Stages
Stages
Once again, on the podcast, you mentioned that we are in the fourth stage of the rebound. I don't recall reading how many stages you think there are in the rebound, nor what you expect to happen in the remainder of this one, and then the next one, if there is a next one.
Re: Stages
There are seven stages to get WTI back to $100/Bbl. Stage 4 is $67 to $75.
They are just the steps that WTI took on the way down in reverse. There is no guarantee that WTI makes it all the way back to $100, nor is there anything to say it won't go higher. Each stage is just the gap between key resistance levels.
They are just the steps that WTI took on the way down in reverse. There is no guarantee that WTI makes it all the way back to $100, nor is there anything to say it won't go higher. Each stage is just the gap between key resistance levels.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group