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Wednesday, March 11, 2020

THERE’S NOTHING GOOD YOU CAN SAY ABOUT OIL

“Trade oil, and this is what you can expect!”

Remember when your Mom said to you as a youngin’, “if you can’t say
something nice, don’t say anything and keep your mouth shut”? … well, that
kinda describes oil now, cuz there isn’t anything you can say about oil that is
anywhere near good for the bullish case … world oil demand growth slashed
beyond belief … all that’s here in this complex is short covering rallies, and
good luck with that.

Crypto mostly quiet today, with early rally attempts in BTC throttled at $8K
… still, given the carnage in stocks & oil, the complex as a whole has held up
pretty well … ranges coming in, and that usually spells consolidation before
making its next move … we’ll see … until tomorrow mi amigos
… Onward & Upward!! 

Have a great day everybody!

-vegas


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