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Misc Stock Market

Intraday pivots established now...$320 and $325.50. Who wins...

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CPI is going to put up an 8 spot on Thursday and with energy/food only going up the April # will probably approach 9%. How can the Fed raise rates next week....and how can the Fed not raise rates next week. We are so screwed.
 
Joe is correct about the US’ current higher oil production levels and projections for new record high production by next year. There’s a lot of misleading info being circulating about US oil production.
 
Joe is correct about the US’ current higher oil production levels and projections for new record high production by next year. There’s a lot of misleading info being circulating about US oil production.
I'm not seeing anything increasing. Joe must think airports and countries are still locked down.
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Even back in November of 2021, US oil production was already at its highest since April of 2020 and is projected to increase further to new record highs in 2023 per the EIA. Related to COVID, production in 2020 dropped significantly vs 2019. It later steadied out and then started rising back later in 2021.

Now with these much higher prices, I expect EIA projections for 2022+ to be even higher. I wonder if the US reaches record high production in 2022. Can it happen that quickly?
I think it can. They didn’t stop drilling test wells. I guess fast is relative though.
 
I'm not seeing anything increasing. Joe must think airports and countries are still locked down.
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Looking at your chart, it dropped significantly in 2020 due to COVID. Since then, it has started to turn the corner as that chart shows. It shows it has risen back about half of the COVID related drop.
 
Won’t take much to break this down. If it falls out of this channel expect a rally AB122E9A-A384-42BF-B7D7-4BE171E66E0B.png
 
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