I am still long oil.
Mixed messages - but I don't have a sell signal, and I don't have indication of a market sell off as indicated by my crash monitor.
There are offsetting data:
Mixed messages - but I don't have a sell signal, and I don't have indication of a market sell off as indicated by my crash monitor.
There are offsetting data:
- inventory builds
OPEC output volume increases
Re-opening economies (impact from general wage growth)
Potential upside from the US infrastructure Bill
Increased in gasoline prices (offset by supply builds)
Rig counts
