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Newsletter
And the fear returns… But is it real?
Good morning! Well, the fear of recession, midsize bank failure contagion, and the FED raising interest rates a quarter point hammered crude prices this week. Even though WTI crude price is finding support on Friday, WTI could report three straight weeks of loses. I figured that traders would take profits on Friday and buy back […]
Just Like My Favorite Song… “No One Knows”
Happy Friday! I hope this email finds everyone well. The news headlines of the week really tell the story of the WTI crude trade. And just like my favorite song from Queens of the Stone Age… “No One Knows”. Monday: “Oil rises, but set for weekly loss as economic uncertainty weighs.” Tuesday: “Oil prices settle […]
WTI Crude Oil Closes Back Below $80/Barrell
Good afternoon! I am writing my update a bit earlier due to conflicts tomorrow. This week was very interesting. “Risk off” took over the news wires as recessionary signs flashed all over the markets. More attrition at large tech firms were announced. The dollar gained back strength. Bitcoin fell back below the $30k level. Credit […]