Yes bearish now, higher rates and Fed liquidity drain also sucking the price out of oil. A bounce is coming. I'm averaging down on a 2X oil fund.

WTI Crude Oil Trading

Get ready for a bounce at $86

WTI Crude Oil Trading

Will be around this area for some time as the draws are pretty substantial lately on inventories.

WTI Crude Oil Trading

After $90 then $86 and the entire equities market with it.

WTI Crude Oil Trading

Judgement Day for commodities Wednesday. Dollar up and commodities down. Will be a good buying opportunity at $86

WTI Crude Oil Trading

Back to $90 then $86

WTI Crude Oil Trading

Because of the inflation report Nomura is forecasting a full 1.0% hike. The crash all these analysts are predicting, the risk has never been higher than it is now.

WTI Crude Oil Trading

I went long at $95 to dump everything on Friday. Never know if Black Monday is here.

WTI Crude Oil Trading

CPI 9.1% so Brother Jerome will come with the Super Size rate hike July 27th. Worst earnings in a long while to start reporting any day now also. A deflationary scenario is coming to a refiner near you. In the past CPI reports oil just skyrocketed ...

WTI Crude Oil Trading

I'm the oil whisperer, buy at $90. 200 Day Moving Average, whoosh.

WTI Crude Oil Trading

$90 is coming very soon.

WTI Crude Oil Trading

Heading back down below $105 SHORT it

WTI Crude Oil Trading

Non Farn payrolls coming up. +250,000 jobs expected. More than that full steam ahead for the Fed deflation plan.

WTI Crude Oil Trading

Already in a recession, they just aren't admitting it yet. The Fed is targeting commodities. Oil cannot stay high with Powell raising rates and pulling liquidity every month also. Too powerful a combo.

WTI Crude Oil Trading

They say never short oil. I'm long at $98 and will buy all the way down.

WTI Crude Oil Trading

Me too, buying in tranches all the way down to $90 then will dump it all on the pop back to $95

WTI Crude Oil Trading

Looks like $100 is not good enough for Asia and we have all of London to punish the longs.

WTI Crude Oil Trading

Wow! I said $100 is coming. $90 is next, the 200 Day MA, much more significant of a level.

WTI Crude Oil Trading

Looking skittish in NY. Sold that pop to $110. Selling the rips not buying dips.

WTI Crude Oil Trading

Market sentiment is so negatively tied to Fed policy now. After the CPI data July 13 and then the rate hike July 27 we should be due for a technical relief rally. If CPI numbers show inflation is easing July 13 then the market will assume the Fed ...

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