Well, this just makes my morning, and I’ve been up and about for all of two minutes. This is crude oil, and if you look very closely, you can spot a trend.
This delights me on two fronts. first of all, as you well know, I’m a raving energy bear. I’m long puts on energy-related companies left, right, and sideways.
The second reason is that, also as you know, OPEC+ did a surprise announce amount a month ago that shocked the world. They turned the spigots off, and oil prices, as the cartel desired, flew higher (see price gap, right next to the godless, bone-saw loving, lunatic sadist just to its left).
The lovely people in the Middle East that run this cartel high-fived each other at screwing the world over, and it worked for a few days. As you can plainly see, however, their scheme has utterly unraveled, and even with these artificial supply reductions in place, oil prices are sliding on a daily basis.
Why would that be? Simple. Because the world economy is heading for the goddamned toilet, and the godless, smirking punk shown below is going to have more and more decomposed dinosaur flesh without a market.
This is all building up to something far bigger, of course, which is this glorious top. The OPEC+ announcement had, I thought, wrecked those plans, but maybe not. This top still looms very large and could well be the overture to the worldwide economic heart attack that seems so inevitable and just at this moment.
Thus, with that as our kickoff, let this three day sof insanity commence.
