Oil Plunges On Report Saudis Bracing For Price War, Can "Live With Lower Oil Prices"
https://www.zerohedge.com/markets/oil-p ... oil-prices
Right now, traders are about the most negative they’ve been on oil in the past 12 years.
As oil prices fall, traders assume they’ll keep falling. But eventually, sentiment gets overdone… And when there’s no one left to sell, prices reverse.
When traders all agree, we want to do the opposite.
History shows oil could easily shoot back above $80 a barrel in the months ahead. And while it seems impossible today, $100-per-barrel oil could be a reality at some point in the next year.
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