a very bearish outlook
no positive news from opec, but does not mean its coming, wednesday should be the game changer if any world production and oil seasonality is bearish, usa switching blends should also increase stockpile barring offsets from exports. a review of currencies also put oil as bearish and metals are ripe for a fall. all these things show usa at a critical juncture which puts the opec meeting at the apex of deciding where this market will go. overall i remain very bearish until news changes my opinion. if opec fails to make a deal we are in for the big short so be prepared. world economics need the deal so maybe that will weigh in on the stubborn heads and hearts so be prepared to close shorts rapidly and long to 51.00 ish
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