Oil to Hit $100 by Mid Year

President, Blue Line Futures • Jan 21, 2022 at 5:33 AM EST

Trading over $100 could bring days reflecting a decade ago where we see volatile $5 up days, and the stock market is down because of it.

blue and white ship on sea under white clouds during daytime

Photo by Etienne Girardet on Unsplash

"Oil rallying to the $85-$100 range is not going to be the big deal, it's if we overshoot $100." - Bill Baruch, being interviewed on Fox Business.

Some highlights: Over $100 could bring days reflecting a decade ago where we see volatile $5 up days, and the stock market is down because of it. Poor policy out of Washington and around the world is hurting consumers across the board. Prices of everyday products (think lip gloss, your plastic water bottle, etc.) are made using petroleum, and are tied to the price of oil! Trading over $100 could bring days reflecting a decade ago where we see volatile $5 up days, and the stock market is down because of it.

Video Length: 00:02:13

Please sign up for a Free Trial at Blue Line Futures to have our entire technical outlook, actionable bias and proprietary levels emailed directly.
Disclaimer: Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.