The short answer is yes.
Historically, buying crude in the summer months has resulted in utter catastrophe. The driving season is winding down and there isn’t a person in America not interested in buying a Tesla now. The era of the oil barrel is coming to an end. With oil bouncing over the past week and stock prices stabilizing over the past month, a new cadre of bargain shoppers have been entering ‘the patch’ in search of riches. These blackguardly people will be dispatched in a most fastidious manner. Their losses will heinous and their subsequent demeanor unseasonable.
Have a look for yourselves. This is the oil and gas drillers seasonality data, courtesy of Exodus. This data stretches back decades.
Buy in January, clowns
Month to date, crude stocks are +5%. Judging by the dominant trend which has persisted for two years now, this qualifies to be called ‘a dead cat bounce.’
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Just because there isn’t a person in America not interested in buying a Tesla now does not mean s/he’s running out and buying. Fake news, if this is where you get your news:
https://tinyurl.com/yc4mz9dh
Shut the fuck up you retarded dipshit faggot. Broke ass fucks like you will always talk shit.
Analysts always beat up sectors/stocks in the shitter. It makes them look brilliant. And conversely, when they are at their highs they sing praises.
Bring Scotty Bleier back to iBC, he knew his shit.
You will always be an idiot, no matter what bullshit stocks you paper trade, you fucking tiny dick, tiny brain asshole.
The press needs to STFU about the transgender issue in the military. Every other question at the press briefing has been about that. As for oil and energy stocks, they’re rallying off the lows. Bought early last week for a trade. Will keep holding if it develops more into a longer term trend.