WTI levels remain intact

GA907
2023-06-22

$WTI Crude Oil - main 2308(CLmain)$ $Micro WTI Crude Oil - main 2308(MCLmain)$ $E-mini Crude Oil - main 2308(QMmain)$

WTI levels remain intact. Bulls need a clear break above the $74 area to set up the next move higher towards $80ish.

Gasoline 2.935m

Distillates -0.301m

Cushing 0.05m

ImageImage

How is it a demand problem when cracks are as strong as ever with below $70 WTI? Yeah, crude time spreads look weak but to me, that has more to do with short-term oversupply than anything else.

ImageImage

Futures Club
Join Tiger Futures Club to know more about trading futures!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment