I'm Going to SHORT OIL
Oil has been one of the best trades of 2022 but as we enter the summer season, there may be a peak in commodity prices that will highlight deflation instead of inflation. I go over the price of oil and what I expect from oil stocks, but mainly what I predict to happen in oil markets over the next quarter. I am expecting 2 new highs or small peaks and if by September oil starts declining or hits a much higher higher, that should be the end to all the craziness. I relate this to other commodities like lumber and go over the key seasonal factors of those commodities. I could be wrong and this is just an opinion, but this is definitely something I am going to be keeping my eye on over the next few months. Its one part about oil, but mainly about real deflation. EITHER WAY ITS GOING TO BE EXCITING SO I HOPE YOU ARE READY! SEE YOU ON THE WATCHLIST TOMORROW!
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