The power of the Fed is like an economic black hole. When they run off their balance sheet and drain liquidity all commodities are affected. December is the season for gold. I've read in December buy at any price, seasonality.

WTI Crude Oil Trading

Then back to $100 in 2 weeks.

WTI Crude Oil Trading

It will bounce at $100 again and then break right through. Another rate hike is coming July 13. After that another and another. The market knows the Fed is pulling liquidity at the same time and oil is a major target to pull down.

WTI Crude Oil Trading

I'm short at $113.90. Next it will break through $100 and head to $90

WTI Crude Oil Trading

Will fall to $90 in tandem with the SPX with another huge rate hike in July.

WTI Crude Oil Trading

$60? Wow idk. Be careful, Biden meeting with oil execs today.

WTI Crude Oil Trading

Buying the temporary bounce at $100 but the real rally is $90

WTI Crude Oil Trading

$107 next week then up.

WTI Crude Oil Trading

The Fed is succeeding. I have a feeling the REAL rush to the exit is coming because now the Fed balance sheet is being rolled off PLUS more hikes to come. This is just the start.

WTI Crude Oil Trading

The real bounce will be at $110 I think. 50 DMA.

WTI Crude Oil Trading

Get ready, the stock market and economy are about to crash. No way energy costs this high can be withstood.

WTI Crude Oil Trading

Here comes the correction. They will hurt the shorts for a while and then tonight in London it should drop hard. OPEC production increase, inventory builds and 2 huge rate hikes around the corner. Im short at $120 but can cut that loss and keep ...

WTI Crude Oil Trading

I want to go long also but the CPI numbers Friday for May. A high number and the market will flash translate it as the Fed having to come down heavier to bring inflation down. I'll wait.

WTI Crude Oil Trading

Oil will crash soon enough.

WTI Crude Oil Trading

I hope so for everyone's sake. Jamie Dimon today; $150 to $175 a possibility this summer? I wonder how much of this is a self fulfilling prophecy as banks crowd into the energy space. Even $130 will start crashing the entire stock market and the ...

WTI Crude Oil Trading

Seeing The NASDAQ futures now after a severe sell off in the NY session, I have a bad feeling we are going to see a Black Monday Event.

WTI Crude Oil Trading

Bought the dip today at $108. Will dollar cost average if it goes lower. This strategy will be easy until that day when there is a volatility shock to the equities market and everything just plummets. Coming within a couple months.

WTI Crude Oil Trading

Must be some resistance at $115. This is getting scary for the rest of the market with $4 or more gas in all 50 states for the 1st time in history.

WTI Crude Oil Trading

We touched the 50 Day MA 3 times and it was a well respected support. When that finally fails the support is the 100 Day MA at $95

WTI Crude Oil Trading

Despite all bearish factors every single dip is bought. Stay long and bullish guys.

WTI Crude Oil Trading