RE: RE: RE: RE: RE: RE: Inventories + over 7 milli
Radar...
I'm more bearish than anyone here. But I am staring at a freaking miracle commodity that refuses to do what it should be doing. What are the traders thinking ? What's behind the bouyancy... are they thinking that we are back in a demand curve - or soon to be - and that OPEC is going to cut their nose off to spite their face ?
I just can't understand it... so much so that I cut my Bull position and refuse to catch either of these right now. I was playing Bull on contrarian sentiment that oil seems to be bucking the current but it isn't even doing that with conviction.
I guess today will show us something for sure one way or the other or the other ( meaning it will continue to churn without clear direction is an option ).