I believe the oil price will b

2022-12-04

I believe the oil price will be at range USD70~90. This is because even the US and Europe try to limit the oil price from Russia, but the OPEC will reduce the production to make it maintain at high price so that they can earn more.

And if China loosen the covid rules, the demand of crude oil will always increase. This is some factors that cause the crude oil price won't drop below 60 in short term.

@LMSunshine @BenjiFuji @Ultrahisham

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?

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

Vikkilai
2022-12-04
Vikkilai
Ok
fcloi
2022-12-04
fcloi
like
joshuanoob
2022-12-04
joshuanoob
ok
Slsebast
2022-12-04
Slsebast
Like
ZachLoh
2022-12-04
ZachLoh
Nice
Aaronykc
2022-12-04
Aaronykc
👍

Leave a comment

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Oil prices rise to the resistance level of $94 we mentioned before.\nHedge funds, however, predict oil prices will soon pass $100 a barrel.\n--------------------------------\nWill you take profits at $95?\nOr will you go long as institutions?\nWill you short oil?","image":"https://community-static.tradeup.com/news/2d1104ef0c916a0bc308b18a1cb3c79f"}],"images":[],"coverImages":[],"html":"<html><head></head><body>I believe the oil price will be at range USD70~90. This is because even the US and Europe try to limit the oil price from Russia, but the OPEC will reduce the production to make it maintain at high price so that they can earn more.&nbsp; And if China loosen the covid rules, the demand of crude oil will always increase. This is some factors that cause the crude oil price won't drop below 60 in short term. <a href=\"https://ttm.financial/U/4113904591642392\">@LMSunshine &nbsp;</a><a href=\"https://ttm.financial/U/4110175785559852\">@BenjiFuji &nbsp;</a><a href=\"https://ttm.financial/U/3581730064782630\">@Ultrahisham &nbsp;</a></body></html>","htmlText":"<html><head></head><body>I believe the oil price will be at range USD70~90. This is because even the US and Europe try to limit the oil price from Russia, but the OPEC will reduce the production to make it maintain at high price so that they can earn more.&nbsp; And if China loosen the covid rules, the demand of crude oil will always increase. This is some factors that cause the crude oil price won't drop below 60 in short term. <a href=\"https://ttm.financial/U/4113904591642392\">@LMSunshine &nbsp;</a><a href=\"https://ttm.financial/U/4110175785559852\">@BenjiFuji &nbsp;</a><a href=\"https://ttm.financial/U/3581730064782630\">@Ultrahisham &nbsp;</a></body></html>","text":"I believe the oil price will be at range USD70~90. This is because even the US and Europe try to limit the oil price from Russia, but the OPEC will reduce the production to make it maintain at high price so that they can earn more. And if China loosen the covid rules, the demand of crude oil will always increase. This is some factors that cause the crude oil price won't drop below 60 in short term. @LMSunshine @BenjiFuji 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