r/oil-energy

Seeing some exhaustion in WTI around current levels. Inventory builds, even with strong demand, suggest we might be topping out for now. Looking for a retest of the $76 area. The daily charts are starting to look heavy here.

With current storage levels looking healthy and a relatively mild start to winter in much of the US, how are we feeling about $NG_F for the coming months? Are we due for a supply shock or will the warm weather continue to cap prices? I'm bearish unless we see a significant shift in forecasts.