I suppose this could change very quick, especially on the F_O_M_C announcement tomorrow as that could have a dramatic effect on the $USD which has an effect on oil as oil is sold in $USD, however for the moment, I'm not ready to commit to a new long or add to position there yet.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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