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Crude Oil WTI Futures - Aug 24 (CLQ4)

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80.89
+0.06(+0.07%)
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Crude Oil WTI Futures Discussions

Throughout June, oil will rise and reach the 82-83 zone. From there, it makes sense to wait for a downward reversal and a long-term correction to the 72-74 zone. May be i m wrong, but after extensive analysis on all fronts, I came to this conclusion.
My analysis is up for the rest of the Year after August.
My calculations (purely from options perspective) shows that USO (oil ETF) should touch 75 in the next 10 days - not sure the path its going to take. Maybe we rally to your targets beginning of the week, especilly given that Israel about to attack Lebanon and take out Hezbollah in the very near future it seems
What kind of calculations are these supposed to be? Nobody who makes money from it wants to have such cheap oil. I keep reading here from people who say the price needs to come down. When was that ever realistic?
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