WTI fell to $28 per barrel today, after an IAE report showed OPEC production has been INCREASING, like morons, into an apocalyptic decline in price.
Global oil glut worsening
No OPEC deal
Supply is rising; demand is waning.
OPEC is producing MOAR
#fuckery
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Weekly 3x Energy Bull –
http://content.screencast.com/users/toad69/folders/Jing/media/dca1129b-8105-4b3e-b321-0390787e3701/2016-02-09_1353.png
Building position that will be held for 2 years
http://content.screencast.com/users/toad69/folders/Jing/media/fe61f73a-9948-4857-88b2-4ff061979454/2016-02-09_1411.png
yet oil has bounced off the $28 resistance.
& hopefully Yellen has recovered from her 3month span of retardation.
with any luck we get a weakened dollar 2maro & stock break the coorilation with strong $ and rallies
Oh, so the Venezuelan clown show didn’t work it’s magic.