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Oil is not buying it ... down 7% as I write this.


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#1 Dex

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Posted 26 March 2020 - 01:41 PM

eom


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#2 pdx5

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Posted 26 March 2020 - 02:09 PM

eom

Oil is all about supply war between Saudi's and Russia. Until that reaches a truce, oil will stay low regardless of covid-19.


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#3 Dex

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Posted 26 March 2020 - 02:34 PM

 

eom

Oil is all about supply war between Saudi's and Russia. Until that reaches a truce, oil will stay low regardless of covid-19.

 

 

I think that is priced in.  This action is about an economic pick up.  If those who play oil thought the economy is going to pick up they would buy.


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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#4 LMF

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Posted 26 March 2020 - 02:42 PM

The oil top began forming middle of 2016......way before the current virus shenanigans.