I am still long oil.
Mixed messages - but I don't have a sell signal, and I don't have indication of a market sell off as indicated by my crash monitor.
There are offsetting data:
Mixed messages - but I don't have a sell signal, and I don't have indication of a market sell off as indicated by my crash monitor.
There are offsetting data:
- inventory builds
OPEC output volume increases
Re-opening economies (impact from general wage growth)
Potential upside from the US infrastructure Bill
Increased in gasoline prices (offset by supply builds)
Rig counts
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.