“You may have to wait awhile Skippy!”
“Well, that escalated quickly to the downside, didn’t it”? … and so the oil
inventories roulette wheel comes up “00”, and we head for the 40’s.
Why should anybody be surprised? … with every passing day world oil demand
goes to the shitter, while the thugs and dictators with oil in the ground pump to
their heart’s content … there just isn;t anything in the cards right now that
suggests oil has anywhere to go on the upside except some short covering, and
even that has been skimpy to say the least. I’ve been saying all week, look for
opportunities to sell on rallies … nothing has changed.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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