WTI Headed to $180/Bbl
Good morning TV Fam -
WTI is headed to ~1180/BBL over the next 90-100 days, and is one of the most bullish trade setups I have ever seen (based on the long term pricing history of any stock/commodity).
1180/BBL translates to approximately $6.50-77/GAL for unleaded (outside of California).
This is also equivalent to approximately $8-9/gal for Diesel.
The latter is going to become 2/3 of the landed cost of all items in the world which is another added layer of the already inflated pricing in global supply chains.
WTI is headed to ~1180/BBL over the next 90-100 days, and is one of the most bullish trade setups I have ever seen (based on the long term pricing history of any stock/commodity).
1180/BBL translates to approximately $6.50-77/GAL for unleaded (outside of California).
This is also equivalent to approximately $8-9/gal for Diesel.
The latter is going to become 2/3 of the landed cost of all items in the world which is another added layer of the already inflated pricing in global supply chains.
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