Act 2 - The Black Shower

US producers are going to war with OPEC. There are many companies that are profitable at $30/barrel in the states. They're ramping up production. DXY is still trending up as well.

(I) Supply and Demand.

Demand shrinking
Supply increasing at a cheaper rate
=
Price drop.

GL :)

تعليق:

We're about to start the next leg down soon.

Failed Bounce

Iran narrative falling apart (CIA spies most likely to be tied to oil tanker explosions)

UK Ships were escorted by tug boats??

USA keeps increasing production.

تعليق:

Opening shorts today, we're going to move to $45 is the plan.