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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (74459)12/6/2022 7:22:38 PM
From: ajtj992 Recommendations

Recommended By
The Ox
towerdog

  Respond to of 97597
 
Correction, WTIC is in backwardation all the way into the year 2031:

barchart.com*0/futures-prices

I was just looking into up to 2025 as part of my work today, so that's why I stopped there in my prior post.

It looked like there was possibly some US Govt action in the June and Dec. 2024 WTIC futures today. That floor at Dec. 2024 $70 still looks real, but it is also in jeopardy this week according to the technical picture.



To: ajtj99 who wrote (74459)12/7/2022 12:07:10 AM
From: Lee Lichterman III3 Recommendations

Recommended By
ajtj99
The Ox
towerdog

  Read Replies (2) | Respond to of 97597
 
One guy I listen to and has been pretty good has been looking for oil to hit $65 for months. Even when it was still up around $100. He's been calling the bounces and roll overs all the way down so far.

SunTzu, might not be that much help short term but I REALLY liked this tweet today and built my own version of it so I can zoom in and also see the real numbers. It sure looks like we have peaked on inflation and will fall from here. I already shut down my computer so I'm just going from memory but I think I had us not getting to target 2% CPI until 2024 and the bottom of the recession cycle December of 2025.