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Russia considers accepting Bitcoin for oil and gas
https://bbc.com/news/business-60870100 $DRIP
DRIP ?? drip is working for a change getting some leakage finally in @ $14.20
Looks like they had to R/S this again.
Will it survive a blowoff?
Should be shorting markets this area of resistance. Wait for confirmation before you hit it too hard. Probably the 15th.
OIL DOWN $12 AND DRIP UP ONLY $0.04.... BROKEN ETF AWAITING REVERSE SPLIT!!!!
For now $120 to $130 is price with US banning purchases Russian CRUDE.
The top? Recent high $130.50
We need good news. U.S. reopen Keystone. Venezuela increasing supplies. Iranian nuclear resolution.
$150 is possible. I would shoot for $140.00 as top. That is when you start to leverage in DRIP and NRGD. Look for the first leg down to $90.00
Some heavy coin will be made here when CRUDE rolls over. Also NRGD.
Don't know if a reversal in CRUDE will save DRIP from a reverse split.
OUT $2.89, TRADE DRIP'S SHORT TERM VOLATILITY!!!!
Yes, but I think, not sure, the bulk already started working remotely during the pandemic and stayed working remotely until now.
OIL EDGING UP... BIG DECISION TOMORROW ON BLOCKING RUSSIAN IMPORTS!
DRIP $2.6801 -0.2099 (-7.26%) REVERSE SPLIT IMMINENT? AT THIS RATE IT WILL BE WORTHLESS!!!!
ITS TRICKY TO TIME A DRIP ENTRY POINT IN CORRELATION WITH OIL PRICES WHILE AT THE SAME TIME THE ETF ITSELF IS DROPPING INTO REVERSE SPLIT TERRITORY.
IF DAILY TRAVEL BECOMES TOO EXPENSIVE FOR EMPLOYEES THOSE WHO CAN WORK REMOTELY WILL ASK TO DO SO.
$5-$10 GAS WILL KILL DEMAND! SIMPLE ECONOMICS.
Right I was thinking about the lockdowns, I figured that was like a once in a century occurrence which caused remote work and hardly any flights. I dont see that happening again or cant think of another time when oil would not be used.
OR better yet NRGD
Will Putin stop until Ukraine surrenders? I don't think so. This conflict will by approx March 20th. IMO
THIS IS AN EASY QUESTION TO ANSWER..... THE INSTANT THE RAGING WAR IN UKRAINE STOPS OR PUTIN SIGNALS HIS INTENTIONS TO STOP IT OIL WILL REVERSE HARD!
YOU WANT TO OWN DRIP WHEN THIS HAPPENS.
WHEN IT COSTS MORE TO USE OIL THAN CAN BE MADE USING IT DEMAND COLLAPSES.
I.E. AIRLINES WILL GROUND FLIGHTS IF OPERATING COSTS EXCEED REVENUE.
EMPLOYEES WHO CAN WORK REMOTELY WILL GO BACK TO WORKING FROM HOME LIKE DURING COVID-19. REMEMBER HOW OIL COLLAPSED IN 2020 DURING THE LOCKDOWN?
EXTRA HIGH OIL PRICES WILL FORCE ECONOMIC LOCKDOWNS!
How does demand collapse? Are there certain sectors in the market that can do without oil thereby decreasing demand?
In one week, one month, one year?
PREVIOUS DRIP HIGH OVER MULTIPLE YEARS IS IRRELEVANT DUE TO CONTANGO, HOWEVER, THERE IS A GREAT OPPORTUNITY FOR 5-10 BAGGAR GAIN WHEN OIL UTLIMATLEY COLLAPSES.
THE HISTORICAL CHART OF CRUDE SPIKES SHOWS THEY QUICKLY REVERSE INTO A SEVERE CORRECTION.
ECONOMICS CAN NOT SUPPORT ABNORMALLY HIGH OIL PRICES FOR AN EXTENDED DURATION SINCE DEMAND COLLAPSES.
You want to be back in 2 weeks from now. IMO
When I plow into DRIP and NRGD in two weeks, fireworks baby, fireworks!!!
its time..
https://www.washingtonpost.com/us-policy/2021/11/23/white-house-strategic-petroleum-reserve/
i would say 'they' know the top of the market
Oil cant go much higher it will smother the economy. They need a crash here soon.
Bought some calls as a hedge...cheap asf only 6 cents. I dont like the treasury rates.
If i am wrong hey its only $600 but i think a major correction is at hand.
Smoked out here.. oil&gas top sector 2021 ouch, gl...
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