Ice_
Long

Bullish oil long term

INDEX:XOI   Oil Index
Considering that: This is a risky setup and may have a huge drawdown based solely on OPEP's decision (Yes Saudi Arabia, I'm look at you.), you can see the trend is still up, you could expect a 2 year recovery on that and all the way up from there. They're just keeping this price for sometime until some companies are out, and russia too. That's my guess, I'm not a commodity trader so make your own decisions.
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