@jeremygolant Shows how wonderful our central planners are targeting things in their utopia, no?
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EscapeFromUtopia
6K posts
@utopia_escape What I haven’t seen any mention of is that this fake news-driven dip has taken oil to the exact $1 spread zone reported a few days ago. x.com/tradingthomas3…
TT3@TradingThomas3
Trump shorting oil 😂
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While, I thought $oil was going up until the latest DEAL OF THE CENTURY, if it can't get us down below 90, and summer driving season starts today, that looks increasingly like a double bottom.
Note the clouds. Going to be hard to drive price below those with these fundamentals.
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@rjplanetb That or the reserves graphs, slowly dwindling, yes. I agree.
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@simple_setups We'll see. Basing that on a fundamental or a technical case?
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@utopia_escape Gap fill at $87.50 first and then lower gap at $68 afterwards
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Great rant.
samkriss.substack.com/p/if-you-let-a…
"I hate that when I read basically anything now I’m constantly on alert, twitching like a schizo in an underpass. Is this thing really what it says it is? Is this person actually a robot in disguise?"
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@IvanJaros When I visited eastern Germany it was pretty bad, especially anywhere outside the touristy spots. Bavaria has some, but mostly around the train stations.
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i'm doing some research with streetview and i don't think i have seen worse place in entire europe that is suffering with graffiti. it's literally on every building. utterly disgusting. makes greece look like a cheap back alley whore.
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@rabbitholebot "In February 2012, Reuters analyzed Komen’s 2011 financial statements and reported that: “43 percent of donations were spent on education, 18 percent on fund-raising and administration, 15 percent on research awards and grants, 12 percent on screening and 5 percent on treatment."
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Does anyone else find it odd that $200 billion is spent on cancer research every single year and the only thing to show for it is a 75% increase in cancer deaths since the 1990s?
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@D3_Deflation Trump did try during COVID, but it was seen as a give away to big oil and congress blocked it. I don't ascribe to any 5D chess theories on this.
Isreal had their guy and wanted Iran taken out, but America was no longer strong enough to do the job, and now the world is screwed.
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@utopia_escape maybe this back and forth and prolonged process with no clear outcome is part of the deal
the only thing that irritates me on top of that theory, that the US did not fill up their strategic reserves before hand
this leads to another theory
which is ...
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Every new headline is breathlessly reported like THIS will be the detail that fixes the strait. What does it matter if it's Qatar or Pakistan? Doesn't the fact that all this keeps changing worry the plan trusters? Seems to me that it's evidence that the deal is not all but signed
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@calvinfroedge I was shocked to find out that Humans had 8B barrels of petrochemical reserves. I was also shocked to find out that 5.2B of that cant be used (oil in pipes, oil in transit, tank bottoms).
What I can believe though, is how quickly we're burning through the rest.
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@SpeculatorPL1 While $100+ oil could drive a fracking boom that kills gas in the medium term, past 2028, I think it's going much higher. Just look at power growth and export terminal dates. One way or another America will normalize with the rest of the world.
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$NatGas Update:
The trend reversal I highlighted is officially playing out in textbook fashion.
Following the initial +20% surge, Natural Gas just completed a healthy, technical correction to establish a solid higher low.
Look at that structure on the 4H chart: a massive, clean Inverse Head & Shoulders (iH&S) pattern has materialized. The right shoulder is firmly locked in, and the price is already accelerating out of the base.
Everything looks violently bullish here. The path toward that multi-month resistance zone (3,600–3,750) is wide open.
Are you still fading NatGas?
Resource Alpha@SpeculatorPL1
$NatGas Update: Since I highlighted the major trend reversal at the multi-year resistance, Natural Gas is already up +20%. The exact level I’ve been watching for months was tested and violently rejected to the upside. A beautiful reversal pattern has played out. This move is accelerating fast. Are you watching NatGas?
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@JoshYoung Which was a strange miss on his part, since the power draw of his mansion makes him a world class expert on air conditioning.
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@EdwardAmar46469 So that 10% of global we're bleeding is optional, huh? What about the 25% of LNG? That won't be a problem either, right?
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$OIL will continue to fall at a faster and faster rate. Those calling for a prolonged HIGHER $OIL will look almost as foolish as the $SILVER and $GOLD bulls of 3 months ago. I truly feel bad for ppl who speak so CONFIDENTLY about stuff they know nothing about!
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@VanIsleInvestor @NuggetCapital Despite sagging levels, official EU flows tend to look normal. Something isn't adding up there.
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$Silver is currently benefiting from $oil's smash. While I continue to prefer the red line the blue line is certainly interesting. It's a support line that was resistance last year, and bears watching.
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@GavMcCracken Because the high frequency trading bots are based in New York not Tehran.
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Okay so if Iran is saying this why is oil down lmao, has the market been retard maxxing lately?
BRICS News@BRICSinfo
JUST IN: 🇮🇷🇺🇸 Iran says "no one can claim we are close to reaching an agreement with US." "We agreed on some points, but this does not mean we are signing an agreement soon."
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@Phoenix_FFM I think it's back channel deal. Oil surpression wouldn't work nearly as well if gas was spiking, so there was likely some agreement to slow roll refills until the fighting was done to offset the Qatari losses. According to official data, flows are only slightly down.
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Germans are very conservative when it comes to investing in the stock market yet the politicians are essentially gambling on prices going while they could easily spike. This could cost us dearly. They probably trust certain bs headlines instead of consulting with experts about how hedging works. 🤷
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There's almost 30 degrees of differance between the slopes in this year's and last year's gas storage rates. If nothing changes Germany will only reach 50% capacity. TTF followed oil down on the fake peace deal; that's a dip europe should be buying.
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EscapeFromUtopia retweetledi
@eugyppius1 Holidays are harder, especially the big ones where stores are closed 3-4 days out of 7.
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Also all major holidays are annoying because you have to shop in advance for them (small refrigerators), literally everything but petrol stations are closed so half of all recreational options are canceled, if you're by yourself at least you're not at work to just stare at your apartment walls.
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Sunday shop closures are the worst thing about Germany and I didn't even realise this until gf moved to Warnemünde where the shops are open on Sunday because of some tourism dispensation and it is easily a 20% across-the-board improvement in quality of life.
Porkchop Express@Porkchop_EXP
Shops being closed in Germany on “one day only” Sunday means shelves are already empty Saturday noon, still not restocked on Monday, leaving you only 4 days a week to actually do your grocery shopping. It absolutely ruins Saturday for everyone and affects at least 3 more days around it (2nd order effects). Anyone defending this system is an idiot.
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