Cordier Predicts Oil Fall Below $35 – CNBC, May 6, 2016


May

6

2016

Cordier Predicts Oil Fall Below $35 – CNBC, May 6, 2016

James Cordier, Founder of OptionSellers.com, discusses his view on CNBC’s “Closing Bell” that we will soon see another glut in oil causing prices to plummet; predicts Crude Oil to drop below $35 per barrel by years end.
  • Supply Glut is still overriding Fundamental
  • Seasonal Tendency soon to shift bearish
  • Canadian Wildfires Not an Issue
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