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Itai Schweitzer

WTI to 70 ?

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As more countries and oil trading companies avert US embargo and Russia is able to sell its output of commodities and thanks to Biden a lot of emergency reserves are flushed into the market and shells oil are becoming more and more viable even if Biden currently opposes but might change his mind due to political survival  , I'm looking at the long term WTI chart and seeing the last opportunity to short this market around 110 or higher for a duration of 6 month or 75$ which ever comes first.

If you find this idea good/bad make your voice heard.

Good luck and God bless all

 

 

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