Direxion Daily Energy Bull 2X Shares (ERX)

[littlejohn]

Flash crash of over heated oil prices

to lower levels seems possible...


DD on raw data of demand stall

in some areas doesn't help

justify over pricing yet...


https://www.barchart.com/story/news/1660611/energy-prices-post-moderate-gains-after-the-dollar-index-tumbles-to-a-2-month-low


Forecasters of higher oil prices

later can play both ways in case

a price stall occurs...

What ever entities actually hold

the opposite side of hedges bot

by oil companies up until close

of 2020 are making more per barrel

than many oil companies in 2020...


And it is possible that is main

driver behind big oil price pump

up that came so fast...


So we watch...LJ