Do not fall victim to this Texas Oil Crisis. Oil moves for two main reasons.
1. Global Demand
2. A significant drop or rise in $.
Commodities are on the rise without a doubt and the dollar has been weak.
Global demand is not there. Using Jan 2020 as a benchmark, $60 is overpriced.
Don't waste your time with EIA reports, OPEC, blah, blah.
1. Global Demand
2. A significant drop or rise in $.
Commodities are on the rise without a doubt and the dollar has been weak.
Global demand is not there. Using Jan 2020 as a benchmark, $60 is overpriced.
Don't waste your time with EIA reports, OPEC, blah, blah.
Comentário:
Still bearish in OIL continuing to build a position short
Real Macro Economic Investing
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