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WTI Crude Breaks Resistance, Eyes US$80 Next
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The most bullish oil prices in four months! Traders focus on "Trump VS Iran".
Although oversupply puts pressure on the oil market in 2025, investors are still preparing for upside risks, primarily influenced by Trump's stance on Iran after returning to the White House, as well as the ongoing geopolitical risks.
Trump's return to the White House may bring new variables, as bets on Crude Oil Product Call have risen to a four-month high.
In the second-to-last week of 2024, as investors prepare for Trump's return to the White House in the new year, bets are being placed on Call Crude Oil Product, reaching their highest point in four months.
SpyderCall OP : @ThirtyOne $United States Gasoline Fund Lp (UGA.US)$Check it out. I know you were asking about
ThirtyOne SpyderCall OP : I appreciate it! Yea I have been watching this with UNG
TinkerB3ll SpyderCall OP : Agree personally now look to go long but again NG is so highly manipulated
SpyderCall OP TinkerB3ll : That is exactly why I am skeptical. I feel like the manipulation could be at its highest ever since the Russian war/Nat gas supply issues.
Ultratech TinkerB3ll : ng is heavily shorted that's why kold when ung is high
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