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Crude Oil WTI Futures - Jun 24 (CLM4)

Real-time capital.com
Symbol
Exchange
Currency
CLDerivedUSD
WTCLc2ICEUSD
WTCLc5ICEUSD
WTCLc4ICEUSD
CLc7CMEUSD
CLc6CMEUSD
CLc5CMEUSD
CLc4CMEUSD
WTCLc3ICEUSD
MCGBc1MCXINR
WTCLc1ICEUSD
MCGBc3MCXINR
MCGBc2MCXINR
CLc3CMEUSD
CLc2CMEUSD
CLc1CMEUSD
JCOc1TOCOMJPY
Currency in USD
Disclaimer
82.30
-0.51(-0.62%)
Real-time Data

Crude Oil WTI Futures Discussions

A colder winter and soaring natural gas prices globally could lead to higher-than-expected oil prices at the end of this year, with the potential for oil hitting $85 per barrel in the fourth quarter, Goldman Sachs says...... Goldman, which has a price forecast of $80 a barrel oil for the last quarter of 2021, believes that the natural gas crunch combined with a colder-than-usual winter in Europe and Asia could pose an upside risk of $5 a barrel to its Q4 price projection, the bank’s analysts said in a note on Sunday carried by Reuters..... “The tightness in global gas supplies creates a clear and potentially meaningful bullish catalyst for the oil market this winter, larger than the downside risk to global oil demand from another Delta-like COVID wave,” the analysts at Goldman Sachs wrote.
 NG is more weather sensitive then CL...but since all producers of anything as reflected in any current supply chain is not in a normal state...anything is possiible.  So many companies adopted the Toyota inventory method that it will be awhile before true progress will be felt....IMHO. So with that being the case...many companies that returned stock prices back to normal price levels without the "true" business behind it...there will be an impact of that type of rise in the markets.  The ripple affect and how long that will last...I did not forecast that far out...I like 6 to 8 months...watch for movements that cancel or confirm that projection during just a long window of time.  No different then trading a 15 min chart while monitoring a higher time frame to complete its move...
 Thanks for you explanation and opinion. Just wanted to check! Agree with the "true" it certainly went alot higher same with indices....recovery expected to blow previous levels. We'll see. I'm still LT bull :) but good with opinions.
 So many business adopted that method a few years ago.  The issue with it was reflected during the frame recall on the trucks.  That showed the flaw.  Will Toyota ever get back the high end customer...4 runners and such...doubtful since they never did anything for them.  I have a neighbor who "was" an extreme Toyota fan...bought many of them.  Has a van with about 250,000 miles on it and just a few years old.  But due to the frame recall...and his high end 4 runner not covered...and he can not drive the car and it has been over 5 years of patching it...he bought a Mercedes version of it...and never will by a Toyota product again.  The same will happen...modern big names will fade and new names will claim the market share.  Normal product life cycle...just now accelerated....Remember names like AOL, Micron computer, Western Digitial...etc.  The ones that adapt to the form of business or purchase an up and coming will win...Ford and Apple joining forces...dropping the car line ...yep.
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