Is there enough clues out there in the world for another leg down in this market? I think so and it will most likely be in the next 3 weeks.
* Global lock downs / recessions
* Growing defaults on debts
* Unemployment continues to grow
* Evidence suggest NO CURE in the foreseeable future
* Fed loans granted, used, and yet still is more needed
* No storage for oil
* OPEC+ agreement is shaky, as Saudi Arabia has started moving into Russia's territory to sell oil at discounted prices compared to Russias'
* VIX had a convergence and just broke out of it today
* Promises of this ending soon, have citizens spending their income, but not enough to restart the economy
* People defaulting on car loans and credit cards
* Possible war ensuing as many countries look into China's involvement with Pandemic
* War would be a solution to use up oil that's stored, thus driving oil prices back up
---Is there going to be a USA / Russia vs China / Saudi Arabia war??? i don't know, but i wouldn't be surprised.
Russia has no debt, USA has immense debt. Russia want to win OIL war against SA. USA want CHINA to fall as leading nation. a lot of things could be fixed for political reasons by starting a war. This time the war would not be started to get more oil, but to USE UP oil...
* Global lock downs / recessions
* Growing defaults on debts
* Unemployment continues to grow
* Evidence suggest NO CURE in the foreseeable future
* Fed loans granted, used, and yet still is more needed
* No storage for oil
* OPEC+ agreement is shaky, as Saudi Arabia has started moving into Russia's territory to sell oil at discounted prices compared to Russias'
* VIX had a convergence and just broke out of it today
* Promises of this ending soon, have citizens spending their income, but not enough to restart the economy
* People defaulting on car loans and credit cards
* Possible war ensuing as many countries look into China's involvement with Pandemic
* War would be a solution to use up oil that's stored, thus driving oil prices back up
---Is there going to be a USA / Russia vs China / Saudi Arabia war??? i don't know, but i wouldn't be surprised.
Russia has no debt, USA has immense debt. Russia want to win OIL war against SA. USA want CHINA to fall as leading nation. a lot of things could be fixed for political reasons by starting a war. This time the war would not be started to get more oil, but to USE UP oil...
