“Not much of a consolation to those that caught long yesterday!”
Oh boy, a rally … too bad nobody is long cuz they got massacred yesterday
… welcome to oil … and here we are again trapped in the mid 50’s with no place to
go, and all that is happening is both longs and shorts get squeezed by those with
the deep pockets … other than that, there isn’t anything above the level of hell that
can get oil to actually go somewhere. It’s where we’re at, and more than likely will
stay until something gives way on the global demand and supply situation
… fasten your seatbelts oil traders, the ride is very bumpy and full of risk … big
risk.
Blog update on Sunday … until then mi amigos … Onward & Upward!!
Have a great weekend everybody!
-vegas
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