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?

long

69%

short

31%

User Discussion

If I were to assume, taking profit after oil hits $95 could be a prudent move. It's a significant milestone, and there might be increased volatility or resistance at that level. Locking in profits at that point could be a strategic decision, especially if you have specific profit targets or if the market conditions suggest a potential reversal.
avatarfilip86
05-02
Yeah at least 25% of it
Get profit and withdraw
avatarTarane
03-28
No the risk of buying is too hight  but I will the Market regulary to See how it goes 
Continue to invest for long. Oil stocks are still rebounding from previous lows and would seem to continue in mid term till pullback.  Given the uptrend in oil prices, politics, Middle-east conflict and Ukraine war, days of OPEC raising production to combat US Shale are over. Industry is ramping up exponentially based on Covid rebound and it wouldn't be possible to massively cut production.  Further more oil majors are diversifying into renewables at the same time so stock prices of these are not affected by short term volatility. Apart from traditional giants like Shell, BP, ExxonMobil, Chevron etc there are also plenty of players in the entire supply chain. $Vista Oil & Gas, S.A.B. de C.V.(VIST)$  
I will as 100 is always the barrier 
avatarIpman
03-10
Yes I will continue to take profits and invest more to take 
avatarAures
03-06
The price of crude oil is currently $72.28. Accordingly it's expected to reach $77.81 USD/BBL by the end of the quarter (March 2024). Furthermore it's estimated to trade at $82.04 in 12 months.  The idea of $95 per barrel is a very good price to take profit.
avatar许亚鑫
2023-10-08

What does a stronger than expected non-farm Payrolls mean for the market?

According to the forecast of 23 large investment banks, the increase of non-farm payrolls in the United States is expected to be between 150,000 and 240,000, the unemployment rate is expected to be between 3.6% and 3.9%, and the average hourly wage is expected to increase at an annual rate of 4.3%-4.4%.The final data showed that the number of non-farm payrolls in the United States increased by 336,000 in September, the largest increase since the beginning of this year.Far exceeding the expected 170,000, the value was 187,000 in early August.What is even more exaggerated is that the employment data of the previous two months has also been greatly revised upwards: the number of new people in August was revised up by 40,000 to 227,000; The number of new people in July was greatly revised from
What does a stronger than expected non-farm Payrolls mean for the market?
avatarHerwin Zuraimi
2023-10-04
Yes ofcoz i will definitely 
avatarbennett131
2023-10-02
Lllllllllllllllllaass
avatarGigibum
2023-09-30
avatarliverbirdeye
2023-09-29
I don't yhink it will go higher
avatarysawm
2023-09-29
I often find myself at a crossroads when it comes to trading oil. The recent surge in oil prices to $95 per barrel has left me contemplating my next move. Should I seize the opportunity to take profit at this enticing price, or should I follow in the footsteps of institutional investors and go long on oil? Alternatively, is it time to consider shorting oil? First and foremost, taking profit at $95 oil is a tempting prospect. It's a price level that many traders have been eyeing, and the allure of locking in gains is hard to resist. After all, making a profit in the volatile world of commodities can be as elusive as it is rewarding. However, I also recognize that the oil market is influenced by various factors, from geopolitical tensions to supply and demand dynamics. It's unpredictable, an
avatarManish
2023-09-29
No, still wait for $110 to reach.
avatarteckcheng
2023-09-29
                                        
avatarJinHan
2023-09-28

Bearish on Oil: Why I’ll Take Profit at $95

The oil market, characterized by its volatility and sensitivity to various economic factors, has recently been a topic of intense discussion among investors and traders alike. In this article, I will elucidate my perspective on why I intend to take profit after oil reaches $95 per barrel. My rationale is rooted in the interplay between oil prices and interest rates, my bearish outlook on oil prices in the current economic climate, and my anticipation of an interest rate reversal in the near future. $WTI Crude Oil - main 2311(CLmain)$ $Brent Last Day Financial - main 2312(BZmain)$  1. The Oil and Interest Rate Connection: The relationship between oil prices
Bearish on Oil: Why I’ll Take Profit at $95

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As the benchmark interest rate of the global market, 10-year US Treasury bond rate hit a low of only 0.5% in 2020, but now has broken through 4.6%. Has the US already entered a high interest rate era? $iShares 20+ Year Treasury Bond ETF(TLT)$ $iShares 0-3 Month Treasury Bond ETF(SGOV)$ A high interest rate era requires a significant increase in the central tendency of the US Treasury bond rate cycle. Based on existing data, although there is an upward risk to the central tendency of the US Treasury bond rate, the magnitude of the change may be limited and it may be premature to assert that we are returning to a high interest rate era like that of 1960-1980. Currently, the 10-year US Treasury bond rate is a
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