RE:RE:Octane its not about market sentimentActually I'm hearing just the opposite riski , WTI contracts are only trading at 1/3rd normal volumes . On low volume , down is the easiest direction especially with a compliant media . China is closed , sell oil ....... China is reopening , sell oil ...... big inventory draw , ignore it and sell oil . Lots of suggestive words like "if" or "could" and "recession" keep people from asking , "how do you have a recession with full employment" ?
Next Friday is triple witching so we'll have to see what price they have chosen to close the contract on , in the mean time if the price becomes to compeling to ignore it could draw traders in off the sidelines . Keep in mind how low inventories are , they continue to drop daily and we aren't even officially into winter yet . All that aside , I agree with your thought process regarding the rest of the post riski