#WTI crude oil looks like it wants to bust above the channel again. It did just that recently but got shot back down.
MACD histogram on its way to green, lines curling up for a bullish MACD cross. and RSI has already tested 50 and appears to be holding, signifying strength.
I'm long oil, but it will be volatile with all these wacky headlines every day that drag it every which way.
Fundamental side: EU is considering banning Russian oil and now has a deal with Qatar. Russia's energy dominance is ending.
Still an imbalance between excess demand and not enough supply. Bullish for crude oil. The lack of new drills and exploration will fuel the imbalance.
Disclaimer:
This is not financial advice. Do your own DD. But for the record Tiger is basically a pro when it comes to oil and the vix.
MACD histogram on its way to green, lines curling up for a bullish MACD cross. and RSI has already tested 50 and appears to be holding, signifying strength.
I'm long oil, but it will be volatile with all these wacky headlines every day that drag it every which way.
Fundamental side: EU is considering banning Russian oil and now has a deal with Qatar. Russia's energy dominance is ending.
Still an imbalance between excess demand and not enough supply. Bullish for crude oil. The lack of new drills and exploration will fuel the imbalance.
Disclaimer:
This is not financial advice. Do your own DD. But for the record Tiger is basically a pro when it comes to oil and the vix.
Comment:
BTW, if you want more updates, follow me on Twitter. I top ticked this. Didn't update here cuz of low interaction
Comment:
just wait on it. we will see $150 and $200 oil easily.
In Tiger We Trust
In Tiger We Trust
