Starting to look extended, but more upside appears baked-in.
Contra-trade idea is
NRGD or 
DRIP, but 
WTI can stay extended for a while.
$100 probably a psychological resistance level and will garner much prognostication on TV.
Putin/ Ukraine will be headline event trigger, causing spike (GUSH).
See a chance ofWTI pulling back into the linear regression channel.
If it stays elevated, this will have a cooling off effect on US economy (individual consumer).
This is a tough market.
Contra-trade idea is
NRGD or DRIP, but WTI can stay extended for a while.$100 probably a psychological resistance level and will garner much prognostication on TV.
Putin/ Ukraine will be headline event trigger, causing spike (
GUSH).See a chance of
WTI pulling back into the linear regression channel.If it stays elevated, this will have a cooling off effect on US economy (individual consumer).
This is a tough market.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.