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Thursday, March 5, 2020

OIL DOESN’T CARE WHAT OPEC WANTS

“Oil market to OPEC!”

As Rhett Butler once said to Scarlett O’hara in “Gone With the Wind”, “quite
frankly my dear, I don’t give a damn”! … and that pretty much sums up the oil
market’s attitude towards OPEC production cuts of 1 million barrels to stem the
oversupply of crude on world markets … that Vlad & crew aren’t part of this
agreement surely has something to do with no reaction … and as a result, WTI
Crude sits in the $46 handle and going nowhere.

Fairly nice range in BTC today, but other than that pair a quiet affair with ranges
on the low side relative to 20 Day Range MA’s … until tomorrow mi amigos
… Onward & Upward!!

Have a great day everybody!

-vegas


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