Two Supply Crises, One Chart $MOL Is the Most Explosive OilWhile Western traders are piling into XOM and CVX, one of Central Europe's most powerful oil plays is sitting at a historic breakout point with not one but two major supply crises hitting simultaneously.
MOL Hungarian Oil and Gas is trading at 176.2 on the weekly chart and just made a massive spike high of 271 and the macro setup is only getting more extreme.
Here is what is happening RIGHT NOW that makes this setup extraordinary:
MOL CEO Zsolt Hernadi confirmed on March 3rd that tankers are
Long