Oil is up 12-13% in overnight trading. Likely in wave 3 now.

Comments (4)
No. 1-2
jwolfescrf
jwolfescrf

and the talking heads were saying that it was in a downtrend. thanks for your guidance!!

jwolfescrf
jwolfescrf

does this increase most likely already take short covering into the equation? thanks, jim

1 Reply

Sean Hyman
Sean Hyman

Editor

It could squeeze shorts in oil stocks. But most of the action will just be due to oil's sharp rise, which is due to the Saudi oil facilities being attacked by drones with bombs on them.