WTI OIL
WTI oil is short for 1 or 2 weeks, also goes for Long for next 3 months, it depends on the Biden's administration decision on energy and how cold the winter will be, I think Biden's administration has no idea about oil and they do not know How do big players play in this field? I see $ 90 to $ 100 in the first quarter of 2022.
Note
The Biden administration has asked some of the world’s largest oil-consuming nations – including China, India, and Japan – to consider releasing crude stockpiles in a coordinated effort to lower global energy prices, according to several people familiar with the matter. China’s state reserve bureau said on Thursday it is working on a release of crude oil reserves although it declined to comment on a U.S. request to the world’s top consuming nations to tap stockpiles to ease global energy prices.
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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.