Analyst who predicted crude oil’s drop has a new price target

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Cliff_N
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Analyst who predicted crude oil’s drop has a new price target

Post by Cliff_N »

She predicted $68 for November, it hit $69. Now she has some new numbers, link is below as well:

"How high could crude oil go if it rallies? Garner is a futures trader who uses technical analysis to help map out likely prices. After considering the crude oil futures price chart, she thinks that if West Texas Crude oil holds in the mid- to high-$60s per barrel, it could climb substantially.

"If this area does hold, we see a return to $100 per barrel," says Garner. "The uber bulls are pointing toward $115 and $127 as possible targets, but we aren't that bullish. We believe technology will continue to thwart demand and improve production efficiency."

https://www.msn.com/en-us/money/markets/analyst-who-predicted-crude-oil-s-drop-has-a-new-price-target/ar-AA1lwiqM?ocid=msedgntp&cvid=626d44df976c47338eb3643ebcae9185&ei=16

Cliff
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