Microsectors US Big Oil Index 3x Leveraged ETN (NRGU): States opening... Middle East tension (w...

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Microsectors US Big Oil Index 3x Leveraged ETN (NRGU)

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Re: Lowjack post# 314

Thursday, 04/23/2020 9:13:56 AM

Thursday, April 23, 2020 9:13:56 AM

States opening... Middle East tension (what else is new)... production cuts... will take Oil back over $20.00

IMO... Oil has capitulated... the train is leaving the station... the price is looking forward past q3 - q4... Corona is priced in... now comes recovery...

On another note... humans are consumers by nature... the glut will be chewed through so fast that I foresee an eventual shortage when the dust settles... again... this topic will be for another post...

The cycle of commodities...

$NRGU

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