Ok /Biz/ tell me what the fuck is going on with the goddamn market because I'm stARTING TO GET PISSED OFF. I DONT KNOW IM THINKING CRAZY. I MIGHT JUST DO IT.
Calm your tits. It's just closed because of martin luther king day.
Honestly, I think there will be a downward trend until shortly after oil stabilizes. I expect banks to start buying oil against the trend until $22-24 and then the price will shoot above $30 and climb slowly in the year.
I would say that prices will be depressed below $40 for a while due to defaults on debt by oil companies in the next 6 months or so.
Just slowly increase your positions in the market for the next few months, and you'll be way better off than people who bought in mid-late 2015.