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Dario Capodici / ARTICLE

I run an experiment on X I shared a post with the inverted long-term WTI chart, hiding the reference to it and the prices, and I asked my audience on X a simple question: whether they believed that chart was bullish or bearish. 60% replied bearish and 40% bullish. However, if you look at the money managers' surveys asking whether people are bearish or bullish on oil ~90% will answer bearish (and they are positioned accordingly) This proves how the current oil prices are almost entirely driven by expectations based on a misleading mainstream narrative that we know is totally detached from any fundamental

Published Jul 03, 2026Updated Jul 03, 20262 min read
I run an experiment on X I shared a post with the inverted long-term WTI chart, hiding the reference to it and the prices, and I asked my audience on X a simple question: whether they believed that chart was bullish or bearish. 60% replied bearish and 40% bullish. However, if you look at the money managers' surveys asking whether people are bearish or bullish on oil ~90% will answer bearish (and they are positioned accordingly) This proves how the current oil prices are almost entirely driven by expectations based on a misleading mainstream narrative that we know is totally detached from any fundamental
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