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