That’s my thinking too.The above would put indicate a will (not being forced) to close the sector.So higher price and shortages ahead
Fed chairman concedes that the need to defeat inflation is so urgent that US interest rates will keep rising at the expense of growth and jobs. And has used the R word.
... everything else is noise
Rarely in life does one receive a message so clear and blatant as the one being given by the Fed right now.Fed chairman concedes that the need to defeat inflation is so urgent that US interest rates will keep rising at the expense of growth and jobs. And has used the R word.
... everything else is noise
Meanwhile, the GBP just dropped 2% just on the day, AUD's down 1.2%, U.S futures are all in the toilet and once again it is energy that's the only thing that's even going to be standing.Rarely in life does one receive a message so clear and blatant as the one being given by the Fed right now.
It's not a question of if the Fed makes a mistake and brings about a hard landing. Rather, they're being extremely clear that a hard landing is exactly what's coming and it'll be no mistake when it occurs.
Central banks might not be able to fix the supply side directly but they can achieve the end result of bringing supply and demand back to balance if they kill demand in a big enough way.
I've been thinking about this. There has to be a reason. We (and the russians themselves) know that their chief problem has been logistics and the ukrainians know it too.The decision to specifically target energy sector employees for military service is the biggest story of the lot in my view.
If you're going to take effectively your entire energy sector workforce and send them off to war well it's a given that your energy production's going to fall in a heap rather spectacularly.
Nah, we aint seen nothin yet.And it's... a... slaughter.
But is it the bottom. Hmmm.
Seasonality to contend with too. I usually have a rule that any double-digit moves are bought or sold on. Hmmm.Nah, we aint seen nothin yet.
The Black night has only cut a hand off.
need arms and legs yet.
Mick
BOIL's moved 10% just on the day too (down to 50, then up to 55, then back down again, now at 58). Hence my previous comments about the itchy trigger finger.Back the truck up on NRGU... $312.13
307 now. previous bottom was 242 before a massive rebound. Kind of tempted to throw a few buys in with some now and then some at 287, 267, 247 etc...Back the truck up on NRGU... $312.13
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