“Hi, I’m the oil market and could use some directions!”
Well, looking into my crystal ball, I see oil in the 40’s coming soon … given the
China devaluation and everything else on the table, world oil demand is set to
free fall, while the dictators and thugs will continue to pump … that isn’t friendly
to price going higher. If you’re playing oil, it looks to be trapped with nowhere to
go on the upside, except some short covering runs … and that’s really the story
here with very little else that matters at the moment.
Until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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