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Monday, August 19, 2019

ANOTHER WORTHLESS DAY IN OIL

“That’s a mighty big IF!”

Oil bumbling along in the mid 50’s … ho hum, nothing new … a little up, a little
down … various headlines spook longs then shorts … rinse, repeat and start the
process over again … tomorrow sees the start of oil inventories roulette, and then
on Wednesday afternoon we get FED minutes … how this shakes out is
anybody’s guess, but more than likely oil goes nowhere … there simply isn’t
anything on the supply / demand horizon that changes the price dynamic.

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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