Crude Slips Badly
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I’ve been clear, I hope, with my bearishness on crude oil, and things are really starting to kick in.
The longer-term futures chart shows a gargantuan top. Simply stated, the world economy is headed for the dumper, and crude oil is comically overvalued.
I have maintained my SLB and COP put positions, which have grown into my largest positions by virtue of their surging values. Yay!
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I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit ...
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