RE:RE:Buy it while it on SALE!!!The COVID wave in China isn't real...if you look at the facts...there is a bigger play here..
Cool commodities (not just oil) the Fed doesn't want to raise rates either.
China is playing their hand....the only thing that can burn them is an OPEC + rollback of production during Sep 1 meeting
IF the OPEC + leaders feel China is playing games to purposely limit oil pricing (they clamped down on oil) OPEC + could say "two can play that game" if OPEC + did decide to manage the market like they have the last year...China could be out of options
Will see how OPEC + responds Sep 1
In the meantime if short position can creep to 10%+ perfect