why do you anticipate a drop?
1-Most are talking +100. Too many leaning the wrong way?
2-Chart pattern in the image above.
why do you anticipate a drop?
Don't underestimate scalpers. The few who can transist a position into a longer time horizon as they see fit belong to the best daytraders there are.
Its pretty amazing how they invented a war so quickly in an oil region once they realized Inflation was outta control. Sent offensive weapons into non-NATO Ukraine almost immediately upon seeing CPI numbers aggressively creeping up in Oct 2021 (no country likes having its neighbor fully armed by outsiders). Of course the military people want higher oil anyway. And we don't really care where the war is as long as its not within USA boarders. God Bless those dumb Europeans...long been patsies for us.
Anyway...oil north of $100 and will probably stay there for a while. Everyone on the narrative... long oil, blame the Russians and ignore our own over-stepping green energy policy failures and the inflation is transitory errors...lol. We can make unlimited mistakes as long as we have evil China and Russia to blame everything on...unlimited
https://www.euronews.com/2022/02/11...go-crazy-quickly-and-warns-americans-to-leave
"national security adviser Jake Sullivan saying all the pieces were in place for a beautiful war that could start “rapidly” and possibly before the end of the Games on Jan. 20. Yes, we scheduled the war and games together as a major constructed media event (MCMV). Tune in to a channel near you, it will be crazy and exciting."
First on the slope will be the Russian oil team. But we peppered the slopes with landmines, so we have no worries. Next on the slope will be China, but we have mortars ready along the tree lines. Up next will be the Norwegian oil team skiing with ski jump drone equipment. Following that will be the the UK North Sea oil team, skiing with fully loaded biathlon rifles. Its all part of our broadcast, brought to you by Halliburton...the world leader in Oil wars
20th of Jan is over, nothing happened and it is not likely there is "anything" to happen in Ukraine...
I'm from her majesty's island, lad.It's obviously a typo. The author meant to type Feb 20th. The games didn't even start until AFTER Jan 20th. So you should have caught that error in your own head, man.
Putin might be doing this to keep oil elevated so his exercises are costing him nothing as Russia is selling higher priced oil and wheat. Stick the U.S. with bigger inflation problems.