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Dr. Fly
Indeud

Oil is on the Cusp of Breaking Out

Dr. Fly Tue Dec 26, 2017 3:26pm EST 2 Comments

In anticipation of WTI breaking $60, I bought BBG, a laggard but also a shooter.

Let the good times roll.

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2 comments

  1. soupbone
    soupbone
    December 26, 2017 at 5:40 pm

    Oil is a problem the Fed can’t control. It can usher inflation and it has been present at recent dramatic market peaks. Maybe the frackers have changed things and US exports (of deflation effectively) will overfill the storages.

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  2. joyous__ending
    joyous__ending
    December 26, 2017 at 6:47 pm

    Oil, energy, services, pipelines are a winner in 2018.
    Energy wins even if Jan, Feb is weak.

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