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Supply chaos comes to oil
Crude Oil Futures
Long
Supply chaos comes to oil
By TraderJoeNY
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May 12, 2021
1
May 12, 2021
Crude above red line has failed multiple times, but, you can see the 'rising lows' that are now crowding the red line.
My thesis has supply chaos (that is happening everywhere we look) coming to the energy space.
If this becomes true:
--Long XOP stocks
--Long TSLA
--Short IWM
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