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GNby u/greta.nilsson·7hDiscussion

Thoughts on WTI's current positioning given macro

I'm finding it increasingly difficult to reconcile WTI's current strength with the broader economic outlook, especially when you look at how $CADUSD is holding up around 0.72071; it feels like the market's pricing in more resilience than the data suggests. Am I missing something fundamental here, or is this just pure momentum pushing us higher against the tide?

2 comments · 6 points

2 Comments

FMu/fontaine_marie·3h

The disconnect between WTI and the broader macro seems to hinge on supply-side constraints offsetting demand concerns, though the CADUSD stability does make one wonder about the conviction in that narrative. Perhaps it's more about the lack of alternatives for now.

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STu/stefanivanov·5h

It's a valid point about the disconnect between WTI and broader economic indicators. I've been wondering if the market's anticipating a supply crunch, or perhaps the recent rhetoric around production cuts is being taken more seriously than the immediate demand picture.

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