hittkts

hittkts

DOUBE TOP BIG MOVE DOWN COMING

hittkts

Double Top

hittkts

Double Top

hittkts

DOUBLE TOP

hittkts

only thing the saudi agreement did was boost confidence of shale producers in the usa.

hittkts

wedge break kids - party is over

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Refiners Face Significant Q3 Refinery Downtime on Maintenance

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dont listen to the opec manipulators theyve spent all year propping up the market time for the chickens to come home to roost

hittkts

Why arent we rallying? Dollar is falling and OPEC and Russia are now talking. This kind of thing produced great returns in the spring. Heres the difference. In the Spring the market thought OPEC was going to freeze, gasoline demand was much higher, and shale production was going much lower than it has. However there is one more key difference. In the spring...

hittkts Updated 

Seasonality bearish. Fundamentals bearish. Charts bearish. Production bearish. Demand falling. China SPR full. Dollar rising. Look at the big picture. The monthly chart i just posted. We are very much still in a bear market. You dont get big red bars like we have lately in a bull market. Market must account for the big spring rally that was predicated on false...

hittkts

TIME TO TAG LOWER END OF DESCENDING WEDGE

hittkts Updated 

Forget about the inverse head and shoulders crap. We arent rallying. We are going to new lows. YOY surplus is growing as we now enter seasonal maintenance season. Global production is surging. Storage is full. Market has clearly topped. 50 Day under 100 Day Seasonality is always weak this time of the year. Best case scenario opec freezes as levels that are too...

hittkts Updated 

So why did we rally so much in the spring after the no production freeze deal was announced? Well 3 primary bullish assumptions were being made. 1) Iran was NOT capable of increasing production very quickly 2) US shale production was going to drop to 8mmbls/d by year end. 3) US gasoline demand was dramatically higher than it actually was (EIA misreported this in...

hittkts

PRECIPITOUS DECLINE INCOMING SHORT SHORT AND SHORT SOME MORE!

hittkts Updated 

DONT BE FOOLISH SUPPLY > DEMAND MARKET TOPPED SEASONAL WEAKNESS REFINERY MAINTENANCE NO OPEC DEAL RECORD INVENTORY RIGS INCREASING GOODNIGHT OIL. SLEEP TIGHT.

hittkts

Sell every pop. Oil is in really big trouble. Length is extremely foolish here. Seasonal weakness, maintenance season, and record inventories.

hittkts

LOTS OF RED COMING!

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OIL MARKET IS SCREWED WITH A CAPITAL S