If life gives you $10 oil, you cut out organs to buy $10 oil
Lot of moving parts on this one and its more words than charts but let me highlight some key fundamentals that are going to drive the buy of a lifetime
Factor 1: Key support at the $10 area, price has never breached that low before ever and I expect $10 support to hold like a brick fucking wall
Factor 2: Demand around the world has plummeted
twitter.com/JavierBl.../1250333876716597251
Factor 3: Supply inventories at the 5 year range
twitter.com/dlacalle.../1250745858309722114
So no demand, high supply and high inventories. This is Econ 101 of supply and demand. So we will be getting out $10 oil, just put a limit bid in and let it trigger
X Factor: Right now we are seeing in the mainstream news, anti china ads
X Factor 2: There are anti american propaganda in China brewing, the common idea is that America has created this Virus
X Factor Conclusion: If these 2 sentiments in media continue from both sides, we might have a war...which is explosive to the price of oil
Oil could hit all time highs passing $160 if there is a war that breaks out.
If you get a 2x levereaged oil etf, you can make a 20x return, minimum, once oil recovers over the next few years
Factor 1: Key support at the $10 area, price has never breached that low before ever and I expect $10 support to hold like a brick fucking wall
Factor 2: Demand around the world has plummeted
twitter.com/JavierBl.../1250333876716597251
Factor 3: Supply inventories at the 5 year range
twitter.com/dlacalle.../1250745858309722114
So no demand, high supply and high inventories. This is Econ 101 of supply and demand. So we will be getting out $10 oil, just put a limit bid in and let it trigger
X Factor: Right now we are seeing in the mainstream news, anti china ads
X Factor 2: There are anti american propaganda in China brewing, the common idea is that America has created this Virus
X Factor Conclusion: If these 2 sentiments in media continue from both sides, we might have a war...which is explosive to the price of oil
Oil could hit all time highs passing $160 if there is a war that breaks out.
If you get a 2x levereaged oil etf, you can make a 20x return, minimum, once oil recovers over the next few years