I'd look for a price between $36-$38 and a reverse in trend back up. Commodities have further to fall in my opinon since the global economy (China and Europe) seems to have a cold. That may turn into bronchitis shortly. The 'sensationalized' news about Suncor's shipment to Europe is testing the waters. There wil be no material volumes moving out of Eastern Canada without an East-West pipeline. The rail lines are pretty much saturated without extensive double tracking and taken up with Bakken crude.Thinking of it, but undecided if i want to wait until the trend reverses
whats your target entry price?