anyone else noticed that every time oil is down at around 40 bucks that the puppets and manipulators come out in the media and cry for $20 oil? then promptly there's some other convenient piece of data/news that sends prices into rebound.
forget $20. its clear that $40 is about the lowest anyone can take. we will bounce from here. this might be our last chance to grab these quality producers. $20 is just the golden number that they trot out to try and stoke fear and precipitate a capitulation event. we already had it back in late august. we are now up from those lows and in a continuation triangle (take a look at a 2hr brent or wti chart). If brent closes above $49 any day this week, we could be off to the races.
DLS Price at posting:
52.0¢ Sentiment: None Disclosure: Held
