Despite energy prices retreating, the underlying fundamentals remains unchanged - that is Russia is still not supplying as much natural gas to Europe as it did last month as the Nord Stream 1 pipeline remains shut.
Moreover, OPEC+ has only increased production by roughly 1,000 barrel per day which is a drop in the ocean and demand is rising as Europe stock out its reserve in anticipation of the fast approaching winter.
If the trades survive without being stopped out, this could be a long-term position.
Bought 0.25% @ $92.896 - Wed, Sep 21, 23:10:21
Limit Buy 0.25% @ $82.564
All Stops @ $81.00