02-09-2022, 09:20 AM
(02-09-2022, 08:31 AM)fenders53 Wrote: I think the top in oil isn't coming soon IMO, but the run lately was a bit much. I will probably finish my FB position next time the NAS dips. Shouldn't have long to wait. I am more interested in finishing my GOOGL position.
I agree that we are still a ways from the top. API showed another counter-seasonal drop in storage yesterday, will see if the EIA confirms today.
Storage pulls are happening in the off-season with travel still being hindered due to COVID. This summer could get interesting.