SPYXOMINDOLMTPLTR Another weekend spent making new charts that don't work. Did not work on Futures which means back to square one. 6hrs left to find something now. Oil is rocketing. Defence stocks will also probably be on the rise. Good Luck.
XOM Just in case there is any confusion on the condition of the oil market: x.com/ericnuttall/status/1833135496853143597/photo/1
Non-commercial is significantly net short-er than during 2020, or ever. It's absolutely not logical or even now possible to unwind in a full functioning global economy. Managed money is expecting to sell those puts to retail and hold the bag for them. They have been kicking the can down the road, as the chart shows, rolling into more puts to keep the price at bay, until they can find more suckers to believe oil is worthless. This has potential to unwind spectacularly!