Why Gasoline Prices Are Poised to Pull Back in the Weeks Ahead

The video discusses the energy market's performance, highlighting significant gains in Brent crude, WTI, and gasoline despite a strong dollar. It analyzes gasoline futures, noting a potential drop in the near term. Mike Mcglone from Bloomberg provides insights into the energy complex, suggesting a pullback in crude oil prices. Technical analysis indicates crude oil is in a range, with potential downward movement. The video concludes with market predictions, emphasizing the impact of geopolitical events and comparing oil with copper trends.

What percentage increase did gasoline experience despite a strong dollar?

• 15%

• 14%

• 10%

• 25%

According to Mike Mcglone, what is the likely trading range for crude oil?

• 40 to 60

• 50 to 70

• 60 to 80

• 70 to 90

What market condition is described by the term 'backwardation'?

• Spot prices are unpredictable

• Futures prices are higher than spot prices

• Futures prices are lower than spot prices

• Spot prices are equal to futures prices

What is the significance of the 33-day moving average in the analysis?

• It suggests oil prices will rise

• It suggests oil prices will remain stable

• It suggests oil prices will fall

• It suggests no change in oil prices

How does the Bloomberg Commodity Index perform compared to crude oil?

• It is down 4%

• It is up 4%

• It is stable

• It is up 15%