I cannot stress this enough...
Just because $7/gallon for fuel hasn't been seen yet, doesn't mean it cannot happen.
WTI is extremely bullish and so are other hot commodities like Corn Futures.
WTI has been slow building the last few weeks, but I can assure you that price will explode all summer long.
Check out the new daily wick forming...
If you work in raw materials like I do, contracts on the supplier side for MOST businesses in manufacturing will be nullified, due to escalator/de-escalators price triggers occurring so much, that suppliers will move to quarterly or even monthly pricing due to the extreme volatility of WTI---essentially forcing their customers to pay a spot rate (current market price).
Everything always points back to WTI because it is connected to:
Paper manufacturing, corrugate manufacturing, corn starch (based on Corn Futures pricing), plastic bottle production (PVC/PET), and all fuel derivatives (unleaded/premium/diesel/jet fuel/petcoke).
Pay attention to how expensive any spot price Economy ticket costs for US-based flights, come July 31st due to inflated jet fuel costs.
Just because $7/gallon for fuel hasn't been seen yet, doesn't mean it cannot happen.
WTI is extremely bullish and so are other hot commodities like Corn Futures.
WTI has been slow building the last few weeks, but I can assure you that price will explode all summer long.
Check out the new daily wick forming...
If you work in raw materials like I do, contracts on the supplier side for MOST businesses in manufacturing will be nullified, due to escalator/de-escalators price triggers occurring so much, that suppliers will move to quarterly or even monthly pricing due to the extreme volatility of WTI---essentially forcing their customers to pay a spot rate (current market price).
Everything always points back to WTI because it is connected to:
Paper manufacturing, corrugate manufacturing, corn starch (based on Corn Futures pricing), plastic bottle production (PVC/PET), and all fuel derivatives (unleaded/premium/diesel/jet fuel/petcoke).
Pay attention to how expensive any spot price Economy ticket costs for US-based flights, come July 31st due to inflated jet fuel costs.