The WTI Crude Oil market has shown itself to be resilient, but not necessarily ready to break out.
There is a complete disconnect between those who are looking at a post coronavirus world,
and those who are looking at reality. After all, there will be a vaccine eventually,
but sooner or later we are going to run out of storage for crude oil and it is more likely than not going to happen
before the vaccine gets here. Eventually, there will be a reckoning. Right now,
it does not look like the hoped-for quite ready to give up, so short-term selling opportunities probably continue to be the main way forward.
There is a complete disconnect between those who are looking at a post coronavirus world,
and those who are looking at reality. After all, there will be a vaccine eventually,
but sooner or later we are going to run out of storage for crude oil and it is more likely than not going to happen
before the vaccine gets here. Eventually, there will be a reckoning. Right now,
it does not look like the hoped-for quite ready to give up, so short-term selling opportunities probably continue to be the main way forward.
