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Thursday, September 5, 2019

THE RUSKIES SAVE OIL WITH A LITTLE HELP

“Confused!?”

And you want your kids to grow up and be oil traders? … well now, first thing you
tell them is to forget anything and everything anybody teaches them about
“fun-durr-mentals”, and simply go with the flow … the less questions you ask, the
better off you are … this should be driven home in spades today, as yesterday’s
news bolstered oil in a blistering rally, followed by today’s numbers that were
equally surprising … and with all that talk of lower world oil demand, well the
Ruskies promise to cut supply [sure they do], and then stocks … cuz yea … so
$56 - $57 handle here we are!!

I’m so old, I can remember the $52 handle like it was yesterday [how about
2 days?] … and just like that, hopes and dreams of the 40’s crushed like an
empty coke can … and if you’re wondering, the new proprietary oil algorithm just
totally nailed this run up … it will be here soon!

I’m outta here … until tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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