The question is, will oil fail to hold $50? I see some upside, due to drawdown on crude inventories due to Canadian wildfires and Nigerian pipeline disruptions and a distillate drawdown on inventories due to US increased summer driving season.
Rig count is up so that production will start coming on stream and once the Canadian and Nigerian oil comes bk? Iran intends increasing production to 3.8 million bpd.. U can only sort a oversupply problem by an increase in demand..
fair point .. my bigger point is that trading shouldn't be fun coz then it will also be heart breaking at times and the emotional roller coaster will make us bad traders .. hence we have bungee jumping
I still think that the greatest "thrill " is in ALSI 5 or 15 minute trading, if you can survive the drawdown. If you reaching middle age, it gives you the reason to wake up in the morning. But , it's the most difficult instrument to trade, so if you looking for thrills, I agree , rather go bungee without the harness.