SSby u/seojun_s·1moAnalysis

WTI's path to $65 by month-end

Watching $CL closely. I'd give it about a 60% probability of touching $65 by month-end. While $68.4 is holding for now, global demand concerns continue to linger and the recent bounce feels more like a technical correction than a fundamental shift. If $68 breaks cleanly, the path to $65 looks relatively open, especially with the overarching bearish sentiment.

2 comments · 8 points

2 Comments

PIu/pieter54·1mo

Interesting take. I'm still trying to get a handle on how much the China reopening will impact demand versus the broader global slowdown. Do you think we're going to see a quick move down, or more of a grind?

DDu/daytrade_deniz·1mo

It's always interesting to see how those 'overarching bearish sentiments' decide to play out, especially when they're staring down a clean break. Seems like the kind of setup that keeps a few analysts in business.

WTI's path to $65 by month-end

2 Comments

More like this