ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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ajtj99

Real Man

To: Sun Tzu who wrote (54728)	3/15/2022 6:14:20 PM
From: Lee Lichterman III	2 Recommendations Read Replies (1) of 97962

I think people underestimate the middle east and OPEC. I understand that there is a lot of infighting among the middle east countries and the US encourages that. I also believe green energy is not ready yet to replace oil. It isn't just China and Russia, if the other world oil producers get together, they can inflict a lot of pain on the USA and allies. The USA is somewhat self sufficient but it could hurt. Political pressure from allies though could be extreme, especially from ones almost solely dependent on middle east/Venezuela/Russian crude. I still see China as our biggest concern however due to the idiotic outsourcing of our key industry, drugs and material processing. API data showed a large increase in gasoline resulting in a drop in crude. Guess they had the refineries humping to take advantage of the high prices. Still kicking myself for not going 100% all in on leveraged longs last night. Rarebird was finally bearish yesterday. I should have known we would go up today. My EMA chart looked like we needed another day or two to bottom though.

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