IncomeSharks

There has been 2 times in history where $oil has traded above $120 per barrel -months before the 2008 Global Financial Crisis - 2020 Covid pandemic Both times prices crashed over 50% within a couple months Another generational trade opportunity is here with the current Iran-USA conflict driving prices to unrealistic and non-sustainable levels once again High oil prices are self-defeating, once you push into the $120+ range, you’re compressing demand and stressing the economy. Unlike equities, oil isn’t designed to compound higher, it’s an input cost, and when it gets too expensive, it kills its own demand. I will be positioning myself accordingly, no need to rush with max leverage. The opportunity will be obvious in hindsight

From account close to Tehran—not saying it’s correct, but it’s the first real colour we’re getting on what any interim Hormuz reopening during the ceasefire could look like: “During the two-week ceasefire, only about 10 to 15 ships will be permitted to pass through the Strait of Hormuz with Iran's approval, in coordination with the IRGC Navy and after payment of tolls, and the United States is committed to releasing all of Iran's frozen assets. The Strait of Hormuz will in no way—even after a final agreement—be "open" as it was before.” Relative to the pre-war pace of 100-120 ships a day, this would constitute a crack in the door and hardly a proper reopening. Let’s see how many we get tomorrow.

So much extreme doom posting. Historically, things always work out. The good times last longer than the bad. The truth is always a bit more in the middle. Certainly more than we will ever see on x regardless of your beliefs For weeks people have called for limit downs at the weekly open and none have come. There have been hundreds of big market events like Iran, Ukraine, Covid, US China Trade war in 2018, 2013 Taper tantrum, the GFC etc. Everything always returns to its standard programming. Governments will continue to be irresponsible, and grow their debt. Nothing ever changes

OIL-

$USOIL Sweep up and down