I know Vitol chief said that opec cuts aren't enough, so did Goldman. Aka, they're trapped short. I assume that's why we didn't break up much today based on DXY going down and a 300k cushings draw on genscape.
This is a hypothetical H+S. I'm not in long, but I will hope to short at this long term down trend line. 47.58
This is a hypothetical H+S. I'm not in long, but I will hope to short at this long term down trend line. 47.58
Comment:
If it breaks 47.7 48.2/48.45 targets.