SPDR S&P 500 (SPY): Oil couldn't find strength with all the...

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Re: None

Wednesday, 03/22/2017 8:30:17 AM

Wednesday, March 22, 2017 8:30:17 AM

Oil couldn't find strength with all the bullish bad news in some producing countries and end of Obama hostility toward Russians, and this at the start of driving season when demand is peak on the ask.

Something is going on.

I see now quite often (planet poisoning battery) electric cars so I assume the number increased. But I doubt this is what caused a dent in price strength of oil. I think I see like 1% so nah.

I still think it's something else. Possibly some setup for skinning longs, so just purely money greed.

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