I'm eyeing a potentially big trade to be made in oil. The risk to reward ratio is favorable and the odds of trade panning out... certainly plausible. The trade is based SOLELY on the chart, but i can find a lot of narratives to go with it. If the economy is going strong, the oil usually follows. And considering we are in a historical bull market(everyone calling for recession, every second thread on forums/twitter and social media sites alike - calling for a top on the market, record put volumes, retail shorting.... yet the market still going up. It's a bull market, boomer.). All that included, oil seems undervalued, if it is to move in the direction of the economy. ARAMCO is said to be going public, and if they did, they would have to publish the amount of oil reserves(which are allegedly "indefinite"). And if the supply was known to be as huge, the price would tank - and this is the fear that is potentially keeping the price low right now. There was also a lot of "FUD" - about bombings on these oil facilities. All of this is keeping the price surpressed. It's extremely cheap for eastern countries to pump oil, but in countries like US, some of the oil is produced with fracking - which costs around 60$ a barrel(currently - not profitable). If the economy is strong, it only makes sense they will pump the price of the oil and it will be profitable for fracking too. US is also imposing sanctions on chinese oil exporters, and thus due to the shortage of the tankers, the shipping prices are at records highs. My knowledge on the topic is insufficient. A lot of what i said could be inaccurate. But broadly speaking, i think i am roughly somewhat somewhere correct? I'm targeting 90$ on USOIL(WTI crude oil). Timeframe is something that i will not even bother predicting, because it's impossible to get it right. But i'm expecting little to zero downside, or else - i am probably wrong. It has to go soon. So i'm looking for oppinions. What are your thoughts? Are you bearish on oil? Are you bullish? I'd like to hear the views from both sides!