hittkts

hittkts

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.

hittkts

Head and Shoulders set up with a wedge on the daily. Im short for size into seasonal weak period of the year. Looking to make new lows this year.