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Tuesday, May 14, 2019

CRUDE ISN’T THE CRUDE YOU USED TO KNOW

“Any semblance of an actual market that is!”

WTI crude oil today skyrocketed higher, right along with Brent being
manipulated at the European open … when crude gets to the U.S.? … 30
cents in 9 hours, how does that sound?

Again, it’s a fight around the 100 or 200 HR1 MA’s that are controlling the
price action, nothing more nothing less, and until one side or the other gets
control and spooks the other side to cover aggressively … and currently, that
range is from about 60.50 - 62.50, notwithstanding the rise to above 63.00 the
other day on terror news affecting Saudi tankers.

So, not much to say RE oil until one side gives way … until tomorrow mi
amigos.

Have a great day everybody!

-vegas



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