Microsectors US Big Oil Index 3x Leveraged ETN (NRGU): Jackson hole covid lockdown! If the sui...

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

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Re: Taurus69 post# 795

Tuesday, 08/24/2021 7:55:09 AM

Tuesday, August 24, 2021 7:55:09 AM

Jackson hole covid lockdown!
If the suicide jabs really worked this would not be necessary!!!

Also supporting oil prices was a fire on an oil platform off Mexico on Sunday that killed five workers and took 421,000 barrels per day of production - about a quarter of the country’s overall output - off line.

The U.S. Department of Energy said Monday it would sell up to 20 million barrels of crude from the emergency oil reserve to comply with legislation, with deliveries to take place between Oct. 1 and Dec. 15.

https://www.cnbc.com/2021/08/24/oil-markets-covid-vaccine.html

Have at least a tropical storm in the gulf this weekend with a Texas landfall(Have seen them go to Cat 4 in that distance). Clear rigs by Saturday evening at the latest. Put gas in the rescue boats.

Reaction low, now at resistance on daily. Weekly downtrend WTIC.

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