“So says every oil trader who’s tried to get long!”
I have no idea where the bottom is for oil … OPEC is trying to hastily call a
February meeting to cut production, but is facing push back … let’s face it, the
world is awash in oil, and with China imploding and maybe setting the world into
a depression via the coronavirus, getting long oil is like staring into the abyss
… trouble comes when the abyss stares back.
Blog update on Sunday … until then mi amigos … Onward & Upward!!
Have a great weekend everybody!
-vegas
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