Head and Shoulders OIL
Oil is respecting resistance line from the high. With current crack spreads we will inject roughly 50mmbls into inventory this fall/winter, same as we did last 2 years. Problemis we can only fit 550mmbls before we face containment issues. That means production shut ins are inevitable. Here is how I am playing this.
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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.