Indices and commodities
Active
USOIL
Long
WTI Oil Momentum
Rationale
TradingView idea: $89 Target Reached: Is Oil Preparing for a Major Rally Above100$ for CFI:WTI by OilAlpha
TradingView symbol: WTI
As I predicted yesterday, oil reached our $89 target. Now, I believe the next major move could be above $100.
Physical oil demand is extremely strong, and and corporations are willing to pay high premiums to secure supply. Those trying to suppress prices and hide the real demand cannot maintain control forever.
If that pressure breaks, oil could potentially surge toward $160–$200. As a physical oil trader, I see a significant difference between the current market price and the real demand in …
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