Moe Ghoul
New member
Holy crap oil prices are dropping alot..will it be relected at the pumps??
No. Oil's down because of all the political focus and the toothless, useless CFTC is snooping around so a lot of money is bailing out of oil until they find nothing unusual. 30% of Texas oil futures are controlled by Dubai, under their regulatory scheme, sanctioned by our regulatory body, the CFTC. That's criminal. Morgan Stanley is the single largest holder of heating oil, they're hoarding it and selling it in non US cuurencies. There is a whole bunch of treasonous, moronic selling out going on in broad day light. But that gets into politics. I'm guessing we see oil dip as low as 112-115 before it resumes it's move higher. That's my target before I dip back in on the long side. About the same time the USD micro rally peters out. could be a week or 3 months.