>>5129144 lb Feds next move theory
They have walked the price of oil upwards lock step with equity's since january- and they are connected at the hip. The low volumes seen in
the markets are also the same with the oil patch.
The first cap is the DOW and the big dip represents the trading prior to the start of 2019.
The second cap is US WTI and although the decline is not as steep it shows that the two are moving in tandem. The breaks in the volume bars show the trading that habbens in our market time-frame and the rest of the world. Oil is traded much moar heavily in our markets because of the status of the dollar as the world's reserve currency.
From what I can tell the supply of oil is fairly good and resembles the time-frame of after 2008 when a major demand destruction event habbened. This does not mean that a major event or shock can disrupt the supply lines. This speaks to anon's theory of a disruptive event.
Any moves in equity's has been reflected in the price of oil.
We also have the strategic petroleum reserve to cushion any event that would or could habben at any given point in time.
recall that when oil spiked just prior to the '08 crash, shrub decided to top off the strategic petroleum reserves when prices were at the peak…quite a gift to his buddy's in the industry.
read about the SPR here
https://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve_%28United_States%29