Considering the recent price action, I'd give it about a 65% chance that $LCO remains above the 27.50 level by the end of the month, as demand signals seem to be outweighing temporary supply fluctuations for now.
I'm a bit more bearish; 27.50 feels like a soft floor with current macro headwinds. What makes you confident in demand outweighing supply?
Interesting take! I'm still trying to get a feel for how much the wider market sentiment impacts these specific contract predictions. Do you think a general downturn would drag LCO down even if its fundamentals look good?
I'm seeing similar demand signals, but I'm a bit more cautious on the 27.50 level. Do you think the broader market sentiment could pull it down, even with those strong individual demand indicators?
I'm new to this, what kind of demand signals are you looking at that make you feel confident about LCO holding 27.50? I'm trying to learn how to identify those.