Corey
175 posts



In my view, this is the biggest misconception in the oil market today. Generalists are looking at it from Strait of Hormuz traffic flow while oil specialists are looking at production shut-in. Generalists are saying, “Well, if there’s a peace agreement or tanker starts to come back, everything will be fine.” Oil specialists are saying, “No, shut-in barrels are barrels that will be replaced via lower storage volumes elsewhere. Tanker availability delays production shut-in returning by 1-2 months. Total barrels lost = 1+ billion bbls.” I don’t think it’s anything more complicated than that. So the only way to change sentiment is for widespread fuel outages.

















🔮 🌾 $ZW_F #WHEAT $WEAT took chunk off +10% since entry as it put a red “doji” near 650 resistance and seasonality turns negative on May 9. -100D Cycle should be peaking mid May too -Next low is around June - should be the spot to load up as my cycles and models show we could be at the cusp of explosive move #warcycle also suggests wheat always rises during wars. This time is not different.










