/biz/ - Business & Finance

>>54082198
My thesis is as follows.

>Q1-3 2023:
Right now there is an unprecedented storage surplus. Barring extreme weather, a black swan event, or multiple big production cuts (see Friday weekly rig reports), the EIA's prediction of a $3 average futures price for 2023 will hold. That means $4.50-$7.50 crab on BOIL.

>Q4 2023
IF next winter is normal, unlike our last very warm winter, and IF the status quo in Ukraine persists, the bullrun will start in Q4 2023. Set your sell order for $20 around this time.

>2024
IF we are back to normal prices by then, expect average seasonality.