Dec. 8 at 8:49 AM
$BNO $USO $XLE $CL_F Rabobank dropping a heavy anchor on Crude. ⚓️ Forecast:
$60 average for Q1 2026.
Bearish Case: • Structural surplus (IEA says ~4M b/d?!) • US Rig counts at multi-year lows = no rescue supply response. • Geopolitics keeping product margins high, but Crude heavy.
Strategy: Fade the rips above
$62. Support at
$58 is the "OPEC Put." Expect a tight, grinding channel next year. 📉💤
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