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Wednesday, March 18, 2020

THE OIL PATCH BANKRUPTCIES ARE COMING

“Throw in an oil well and make the process complete!”

Oil patch Armageddon today, with WTI down into the $20 handle, and set to
bust 20 into the teens … oh boy, get ready for the bankruptcy lawyers to go into
high gear … thank you Sheikh Skyhook from Saudi Arabia for starting the oil
price war with Vlad … I’ve said for weeks & months to stay away from this
complex, and it has been truly wicked trading action, with the spreads blown
the fuck out to upwards of 15 cents per barrel most of the day … simply
untradeable in CFD form at the moment.

Crypto ignoring the damage today, BTC not doing much, which don’t get me
wrong, is more than likely a “victory” for the pair … RIPPLE also holding up
OK … HODL baby!

… until tomorrow  mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas


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