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Odds on $US30 Breaking 55k by Week's End
Considering the current momentum, with $US30 already at 54535.72 and having touched 54744.33 today, I'd give it about a 60-65% chance of pushing through 55,000 by Friday's close, assuming no major geopolitical shocks or hawkish Fed surprises.
1 comments · 6 points
That's an interesting take. I'm less optimistic given how quickly it's run up already; I could see some profit-taking kicking in before it hits that mark, especially if we see any signs of resistance around the 54,800 level again.