TraderNeo
2022-06-25

In my view, as long as the Russia-Ukraine conflict persists and there are no clear signs of a de-escalation, then the price of oil will remainhigh. Noted on the recession fears that could drive down oil price but consumers are still spending, passengers are still flying and the covid situation looks better as China starts to open up.

Will you take profits after oil hits $95?
WTI crude oil futures reaches to a record high of $95.03. Oil prices rise to the resistance level of $94 we mentioned before. Hedge funds, however, predict oil prices will soon pass $100 a barrel. -------------------------------- Will you take profits at $95? Or will you go long as institutions? Will you short oil?
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Comments

  • MortimerDodd
    2022-06-27
    MortimerDodd
    What a good post, I learned a lot.
  • Discoverable
    2022-06-27
    Discoverable
    Plus one
  • JC888
    2022-06-27
    JC888
    Assuming war ends soon do u think sanctions against Russian oil will be removed? No! If so, then in short term (1, 2 years) oil price will not fall. There is only so much oil China n India can absorb.
  • CoolFox
    2022-07-02
    CoolFox
    With or without sanctions (which everybody saw how (in)effective they are…. sarcastic mode), the price of oil and gaz will remain high…. for Russia’s unfriendly countries.
  • lauracky
    2022-06-26
    lauracky
    ok
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