Looks like I didn't have US futures on my WTI post. I think this is the right one, at least it's updating the price.
I usually don;t use this site for oil futures, so excuse my goof up.
In any case, it's bouncing back up..... but still down big.
The question is when do we buy? Will it hit $26 support from 2016?
I usually don;t use this site for oil futures, so excuse my goof up.
In any case, it's bouncing back up..... but still down big.
The question is when do we buy? Will it hit $26 support from 2016?
ノート
... or did we hit bottom? In any case, I gotta go to sleep. Setting up for an exciting day tomorrow....ノート
Heading back down on Trump's Europe banノート
Definitely gonna hit $26 as we're gonna shut down the country for at least 2 weeks, maybe up to 2 months.I costs money to store oil and there won;t be enough storage for the output. Looks like we're gonna see tankers full of oil floating around. This is worse than 2008, we didn;t experience a full shut down then. Possiblility we can break support.
In any case, I was right to tell everyone not to buy oil last week.....
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