Carley Garner sees oil as bullish above $92 with a target of $107-108, but bearish long-term expecting a supply glut. She advises focusing on charts rather than headlines due to the unpredictable geopolitical environment.
Yields
NDX
RUT
explicit
Metals
USD
De Cali Trading
2.5
Other
Carley Garner 7.5
Other
Carley Garner 7.5
6/1/2026 10:30:09 PM
wti
In the long run this will eventually come out of this with a supply glut and oil prices will go much lower
Ellen Wald is pessimistic about a quick resolution in the Strait of Hormuz, citing intractable positions and no return to normal shipping. She warns that US commercial stocks are drawing down rapidly, increasing the risk of shortages and price spikes as summer approaches.
Yields
NDX
RUT
implicit
Metals
USD
Transversal Consulting
1.0
Management Consulting
Ellen Wald 8.0
Management Consulting
Ellen Wald 8.0
6/1/2026 10:30:09 PM
wti
She warns of rapid drawdown in US commercial stocks and increasing likelihood of shortages as summer approaches, which would drive prices higher.