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: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with WTI



GPRE Forecast + Options Trading Strategies   [GPRE]  Green Plains (0.84)


TECS Forecast + Options Trading Strategies   [TECS]  Direxion Daily Technology Bear 3X Shares (0.84)


NTR Forecast + Options Trading Strategies   [NTR]  Nutrien (0.83)


YUMC Forecast + Options Trading Strategies   [YUMC]  Yum China (0.82)


AMC Forecast + Options Trading Strategies   [AMC]  AMC Entertainment (0.82)



Uncorrelated Stock Forecasts

Assets with little price relationship to WTI



SWAV Forecast + Options Trading Strategies   [SWAV]  ShockWave Medical (-0.0)


DOC Forecast + Options Trading Strategies   [DOC]  Physicians Realty (-0.0)


SSTK Forecast + Options Trading Strategies   [SSTK]  Shutterstock (-0.0)


ARLP Forecast + Options Trading Strategies   [ARLP]  Alliance Resource (0.0)


ZUO Forecast + Options Trading Strategies   [ZUO]  Zuora (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against WTI



FAST Forecast + Options Trading Strategies   [FAST]  Fastenal (-0.85)


RACE Forecast + Options Trading Strategies   [RACE]  Ferrari (-0.85)


CAH Forecast + Options Trading Strategies   [CAH]  Cardinal Health (-0.85)


MSFT Forecast + Options Trading Strategies   [MSFT]  Microsoft (-0.86)


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





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