Blood Oil!Recession is coming?
can we expect another horrible fall?
or a temporary situation would be passing?! ✔
Refinery
GASOLINE - Down Trend is not your Friend!Looking at the chart, lower highs and lower lows. With that said, hurricane season is around the corner, and the 330k bpd plant in Phili just went up in flames. They lost their Alky unit which produces a boat load of gasoline. I would gamble on this spread in the near term, but have a small position. The reason being the economy is slowing and less gasoline might just be what the market demands.
Oil might move higher soonThanks to all who have followed me here on Trading View. I truly appreciate it! I enjoy sharing my ideas with you all.
SPY double top - 15 minuteLooks like a double top is forming on the 15 minute chart. Considering what transpired this weekend (attacks on oil refinery), I am not surprised.
Also, SPY dipped back below the major trend line ... AGAIN!! It still is having trouble getting through the all-time highs.
$MMEX reversal ready ahead of valuation reportCompany has seen some insane pps moves over the weeks. This dip is providing a great opp to load up ahead of valuation report and other news/filings. I would like to see this test $0.06 near term. Highly speculative play here.
