Very nice, do you have a potential PT and time horizon? Me persoanlly, havee oil at $105 a barrel end of year or sometime into 2023
wrgly
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@ObamaBinLyin, Oil needs to break this upper trending line for that to happen. By my calculation it should be roughly 183/BBL based on inflation but, realistically, I was thinking $114 - $128 but this zone is difficult to crack; Something significant would have to occur for that to happen. $100 - 96 is the zone to beat. I never do time line mainly because Oil is reactive to news an date. For now Ill just say it should be higher. If it had a major pull back for any reason major I think $55 would be support.
Me persoanlly, havee oil at $105 a barrel end of year or sometime into 2023