Bullish Case: With WTI up 8.6% in the past week and trading volume in the lower percentile, a minor catalyst could propel an outsized rally.


Bearish Case: Continued underperformance, -49.2% return from a year ago and flat implied volatility suggest ongoing low demand and bearish sentiment.


Potential Outcomes:

1. Slight rally on positive news (20%).

2. Sideways trading persists on low volume (50%).

3. Further decline on negative market factors (30%).


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April 04, 2024


W & T Offshore Forecast

WTI        W & T Offshore
Price Forecast: BULLISH    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with WTI



AGL Forecast + Options Trading Strategies   AGL  Agilon Health (0.88)


GPRE Forecast + Options Trading Strategies   GPRE  Green Plains (0.85)


NBR Forecast + Options Trading Strategies   NBR  Nabors Industries (0.85)


AEHR Forecast + Options Trading Strategies   AEHR  Aehr Test Systems (0.84)


TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (0.83)



Uncorrelated Stock Forecasts

Assets with little price relationship to WTI



HES Forecast + Options Trading Strategies   HES  Hess (0.0)


F Forecast + Options Trading Strategies   F  Ford Motor (0.0)


BMRN Forecast + Options Trading Strategies   BMRN  Registered Shares (0.0)


CWH Forecast + Options Trading Strategies   CWH  Camping World (-0.01)


LNG Forecast + Options Trading Strategies   LNG  Cheniere Energy (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against WTI



SPOT Forecast + Options Trading Strategies   SPOT  Spotify Technology (-0.86)


TME Forecast + Options Trading Strategies   TME  Tencent Music Entertainment Group - (-0.86)


BITO Forecast + Options Trading Strategies   BITO  ProShares Bitcoin Strategy (-0.86)


WM Forecast + Options Trading Strategies   WM  Waste Management (-0.86)


GWW Forecast + Options Trading Strategies   GWW  W.W. Grainger (-0.87)


WTI News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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