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Thursday, July 4, 2024

$WTI - Crude Oil Monthly

Crude Oil has been consolidating from the breakout in 2022. Oil is relatively cheap and priced similar to 2007! Oil has been getting quite volatile in recent years with some consolidation since 2023. We should expect a test of the 2008 high. $150 Oil is coming... Monthly
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6 comments:

  1. SCJuly 4, 2024 at 9:08 AM

    Oil likely to trade soon in the higher end of the range above $100 and up.

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    Replies
    1. RobJuly 5, 2024 at 9:47 AM

      Thanks for the update SC! Middle east escalation coming to drive the price higher?

      Delete
  2. SCJuly 4, 2024 at 9:09 AM

    XLE my favored play continues to show strength and bounced again at 50 weekly.

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    Replies
    1. SCJuly 4, 2024 at 9:10 AM

      Still could use some time as XLE 200 weekly comes into the picture.

      Delete
  3. Lady SJuly 4, 2024 at 10:02 PM

    Don't you think recession cause to dropped oil?

    ReplyDelete
  4. summer adventure seriesJuly 5, 2024 at 1:46 PM

    Any thoughts on Nat Gas which is more volatile than oil? especially BOIL?

    ReplyDelete

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