This is true....I saw it on Japanese news.
Crude will drop like a rock on Monday......It's not factored in. No way it can.
On Thursday, brent went up too much.
Noticed gasoline demand is rising the last 2 weeks.
Not so sure but think market will still be range bound.
Year end rally may come after Black Friday soon.
Just my 2 cents.
I'm thinking 92 & perhaps 85 area.....not sure though.
It seems to have relaxed at 93 & a deadcat bounce to 94.
Because of contango & backwardation.
USO price is determined by the number of contracts it can buy
when it rollovers to the next month. Read the prospectus for
In any ETF, price decay & cost are always a nusance you must factor in.
It is a trading vehicle, not an investment like stocks.
I'm sorry but I don't agree with you.....perhaps a bit.
Probably foreign born. Huang is not spelled like that
Her posts are all one-sided in addition to her fixation
with China....all propaganda if you compare with
Taiwan & Japanese news. It would help if you can read
news from non-English sources.
Just a pumper & nothing else.