Act 2 - The Black Shower
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US producers are going to war with OPEC. There are many companies that are profitable at 30/barrel in the states. They're ramping up production. DXY is still trending up as well.
(I) Supply and Demand.
Demand shrinking
Supply increasing at a cheaper rate
=
Price drop.
GL :)
(I) Supply and Demand.
Demand shrinking
Supply increasing at a cheaper rate
=
Price drop.
GL :)
Nota
We're about to start the next leg down soon.Failed Bounce
Iran narrative falling apart (CIA spies most likely to be tied to oil tanker explosions)
UK Ships were escorted by tug boats??
USA keeps increasing production.
Nota
Opening shorts today, we're going to move to $45 is the plan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.