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Goldman's got skin in the oil game.

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I wonder if the Goldman's foreskin will start tingling now that oil is possibly headed back to $36 lololol

Oh it's not good, economically speaking.

 

Oil - Brent Crude_20200906_23.07.png

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Tempted to short it $37 if it closes below S2 and the omens are aligned (the blood of the goat, the appearance of the new moon, the taming of the shrew &c) 🤠

848206695_Oil-BrentCrude_20200911_10_30.thumb.png.83db1b2bbf1d2c0aa9d3b5e3ba8ef52c.png

Edited by dmedin

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BP warns that peak fossil fuel demand is here and now!

Kiss goodbye to your jobs, livelihoods and businesses folks :D 

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Staring down the barrel at $36.  The foreskin is tingling.

1573403351_Oil-BrentCrude_20200914_10_05.thumb.png.7a2e210953fe8b06c20accc7040d57ba.png

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Is the Goldman's foreskin tingling again?

 

Oil - Brent Crude_20201002_16.00.png

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Looks like $46 is in view now rather than $36.

 

Oil - Brent Crude_20201009_16.52.png

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What do you think, Kathleen?  

Looks like oil is consolidating above a 200 day SMA, so it is likely to fall down to $38 (or maybe the foreskin-tingling $36) but then it's likely to come back up to $45 and stick around that level for a while.  🤔

Oil - Brent Crude_20201022_02.40.png

Edited by dmedin

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More downside to come Geoffrey, if not $36 then at least $38.

 

Oil - Brent Crude_20201026_09.49.png

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There's an RSI divergence and an impending MACD crossover to consider first.

 

Oil - Brent Crude_20201026_09.51.png

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