Just an observation, as I am not overly concerned with who owns what, but I have noticed in the last few days that many have taken to the keyboard to attack the idea of higher oil.
Oil prices in the high 40’s, nobody cared. Oil prices down 10 of the last 13 days, its getting louder the lower it goes.
Again, I won’t debate all the things you’ve read about oil and where it is going. I prefer just to sit back an monitor sentiment and behavior.
This chart illustrates a relatively thin profile below. We’re on the edge right here. Naturally, a fine place to ramp up the discussions of how low oil will fall.