Wti bounced off of the price floor that is the highs of the first day that OPEC announced possible freezes. Furthermore, Libyan oil exports were disrupted by military conflicts. There was also a huge supply disruption in east coast gasoline, so I expect a long trend next week.
Also, Managed funds closed 22% of their shorts last week, we could see them waiting for a retrace, but I think it's less likely.
This is my first published idea, it's mostly to judge my past decision making.
Also, Managed funds closed 22% of their shorts last week, we could see them waiting for a retrace, but I think it's less likely.
This is my first published idea, it's mostly to judge my past decision making.