June Futures Expire - Oil Short
Trump's tweet about oil being great is a signal that oil is, in fact, not great.
Conflicting storage report numbers don't inspire any confidence (In me at least).
With restrictions being lifted, how much time does it take to return to original usage levels?
Unlike bond markets, it's possible the FED can be powerless to help oil if they lack storage logistics.
Putin is low favorability. He has the balls and the means to cheat opec cuts and screw foreign oil industries.
Saudi Arabia has lots to gain by inflicting pain on us shale and offshore industries the same way, but with more oil.'
And then the T.A.
It Seems like a perfect Elliot wave has executed, and times right up with the futures expirations for a pretty pullback.
It would make sense to see a touch at 61.8 fib Retracement. Which gives a goal of $20.
Conflicting storage report numbers don't inspire any confidence (In me at least).
With restrictions being lifted, how much time does it take to return to original usage levels?
Unlike bond markets, it's possible the FED can be powerless to help oil if they lack storage logistics.
Putin is low favorability. He has the balls and the means to cheat opec cuts and screw foreign oil industries.
Saudi Arabia has lots to gain by inflicting pain on us shale and offshore industries the same way, but with more oil.'
And then the T.A.
It Seems like a perfect Elliot wave has executed, and times right up with the futures expirations for a pretty pullback.
It would make sense to see a touch at 61.8 fib Retracement. Which gives a goal of $20.
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