USOIL
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.
Note
Still bearish in OIL continuing to build a position short
Real Macro Economic Investing
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patreon.com/Realmacro
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.