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Crude Oil WTI Futures - May 24 (CLK4)

Real-time capital.com
Currency in USD
Disclaimer
82.20
-0.49(-0.59%)
Real-time Data

Crude Oil WTI Futures Discussions

Any trader here who doesnt think oil see $75+ by June 1. Really has no business trading oil 2. Just please try and give me reasoning using core fundamentals in a net new “rebuild” not “relief” stimulus - not survivorship bias to protect you futures contract target of $55 - rationalization - because you cant
Anyone that thinks with assurance where we will all be June1st with this variant still out there causing demand issues, a U.S. prez that's trying everything to be buddies with Iran again, or at least allowing them to ship oil and look the other way, and supply increases coming...has no business trading oil.
Shorting the May futures contract not June
Stimmie checks to the rescue? Will it be enough to restimulate the world economy? I'm not sure of a Jun $75+ trade. I think it will stay right in the range. If the economy was even decent we would need stimmie checks, now would we? QE 1 didn't work or we wouldn't have needed QE 2. Surely QE 4 didn't work, neither will QE Infinity. Let's face it, the system is busted and we don't have a cure yet so we just keep monetizing more and more debt and the corps keep buying back their own shares. To me it feels like one huge pump and dump. Who in their right minds would buy treasuries, most corporate debt or CMBSs?
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