WTI crude oil has been left for dead by market attention (overshadowed by gold, uranium, AI stocks) but is showing bullish behavioral patterns (establishing support, moving above 50-day MA) with the November-December spread recovering from backwardation, suggesting asymmetric upside risk if broader energy demand accelerates or supply disruptions occur.
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Speaker
Patrick SznaEvidence Quote
“Oil has been left for dead. But really to me this is what the kind of a backdrop where I get super bullish because when nobody's paying attention but the price starts behaving in a more bullish way is what sometimes when the most asymmetry exists.”
Created: 8/11/2026, 7:20:11 AM
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