Oil LT Idea (June 2021)

NYMEX:CL1!   Light Crude Oil Futures
Crude oil rate (June 5th 2021 through 2024)

Low: $11-$42
High: $117-$131

Here's my longer-term estimates of what I think oil can do over the next couple years.

I sincerely hope renewable energy and hemp products win in the end, but that may be adding to my confirmation bias and my justifications for why I think a crash can still be looming. I could be very wrong but I haven't speculated enough with oil yet.

Related short term idea below:

Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!

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