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Tuesday, August 6, 2019

OIL GOES DRIP DRIP

“Well, my dog says his instructions are crystal clear!”

Maybe the oil inventories roulette wheel can get oil moving today and tomorrow
… nothing else can … and it looks very much to me as if oil not only has a supply
problem, but a very real protracted slower global growth problem … and that
means lower price … some how, some way they get it done, and in the weeks
ahead selling rallies and buying breaks will be the profitable way to go … unless
of course it doesn’t.

What else is there to say about oil right now?

Until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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