I agree. Oils getting spanked, too. Light sweet crude Uhhh-gly.
Makes no sense in an environment of rising oil prices. Perhaps all
the talk about crushing the fossil fuel industry is finally getting
some traction in the markets? Who knows except the
insiders.
Just seems like something is
Posted by iaranger on 29th of Nov 2021 at 03:08 pm
Just seems like something is way off with USO and UNG acting like this and SPY in flight
I agree. Oils getting spanked,
Posted by Trendie on 30th of Nov 2021 at 12:11 pm
I agree. Oils getting spanked, too. Light sweet crude Uhhh-gly. Makes no sense in an environment of rising oil prices. Perhaps all the talk about crushing the fossil fuel industry is finally getting some traction in the markets? Who knows except the insiders.
crude has been tanking for
Posted by matt on 30th of Nov 2021 at 12:11 pm
crude has been tanking for the last month, it's down about 7% off the Oct highs
Yeah. UNG tagged the 200
Posted by Trendie on 30th of Nov 2021 at 12:33 pm
Yeah. UNG tagged the 200 EMA so I felt inclined to nibble. Small position size. Not sure it will hold.