graham.edwards84

Light Crude - Long outlook idea

Long
NYMEX:CL1!   Light Crude Oil Futures
oil
I don't see oil returning to above $75 any time soon due to advancing energy technologies and oversupply issues continuing over the next 5 years. I'm long with a TP of 75 next year. After that I will most likely move to a short position or not trade oil.
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