WTI Cash (or Spot) Contract forum
Idea: Concerns about demand limit th…
Keep in mind that even with geopolitical issues across many areas, the stronger global supply is offsetting these issues. Let's hope for peace in all the lands and when we have settled times, we will see more oil flow and lower prices.
I believe bearish momentum is limited hence the jump back up from yesterdays NDOG of 62.30
Ignore the 59.00-60.00 crap unless 61.75 is breached 🎯🎯
This is Pinpoint accuracy 🪄🪄

The $ index rise is capped.
Oil is trading between the 1H 200 SMA and 1H 100 SMA and is being squeezed pending NYSE open.
If London and NYSE open at the same price again, we should see a repeat of yesterday. Until either 100SMA is cracked or 200SMA is cracked.
Be aware that this weekend there is going to be further conversations on the Russia/ Ukraine war.
Keep stops tight and be ready for sudden rapid moves.

