- we are heading straight in a major world conflict based on the last news (I do not make politics, therefore I am not going to mention about them) - any news as such are throwing the Oil markets up in sky ... the reason: engines work on oil... and heavy equipment does not work on electric batteries (trying to be funny here)
Trade cautiously... since this is already a double whammy... economic downturn mixed with angry news... good luck !
Commercials ( Big Money) has gotten behind Crude at the recent Dec 2018 Low of 42.50
That is the level of Long Term Support from which they bought previously.
Recent rally bounce in Crude is in lockstep with the recent rally in the S+P 500, where energy is 10 % component.
CodedFlow
⋅
@The_Unwind, amazing information. so basically any conflict will fuel in margin of 10% the economy. cute. or not. but real.
That is the level of Long Term Support from which they bought previously.
Recent rally bounce in Crude is in lockstep with the recent rally in the S+P 500, where energy is 10 % component.