RE:RE:RE:RE:Why though ?Pierre, I suspect lashing dumped his holdings during the December tax loss sell-off, expecting to re-load at a lower price. With Gear trading 20% above his exit price, he is becoming desperate.
Bank of America has foecast an average 2023 WTI price of $100.
With one month of trading at an average price of $80, oil will need to spend considerable time trading above $100 if BofA's forecast proves to be accurate.
Not many make it up to the peak of K2.
The GXE bulls have an army of worriers (like lashing) supporting their climb.
Technically, a weekly close above $1.18 should bring in some momentum players.