I think it will for some time. There is no economy and you have
tankers floating all over the seas full of oil. That looks
like a bear flag set up. I may be dead wrong but unless we go
to war, I think Oil and gasoline complex will be bearish for
sometime.
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UGA Daily- Unleaded Gasoline -
Posted by pmahoney on 5th of May 2020 at 07:40 pm
UGA Daily- Unleaded Gasoline - really don't think gas prices will stay low long term. Resistance at the 50 and trendline.
I think it will for
Posted by ssaffer on 5th of May 2020 at 10:13 pm
I think it will for some time. There is no economy and you have tankers floating all over the seas full of oil. That looks like a bear flag set up. I may be dead wrong but unless we go to war, I think Oil and gasoline complex will be bearish for sometime.