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Misc Stock Market

I lined this out 2 weeks ago. When people tell you TA on indexes don’t work, don’t listen. Held like the Hoover dam.8909CDE3-13ED-4EE4-BB57-B8AC9BED0AF1.png
 
Oil stonks down, market up. I fully expect a market prop heading into quad witching.E29B4511-DAAC-4223-8F74-5A20AAE02D3A.png
 
Don't think US's trip to Venezuela went well...



“"Those who caused this conflict with decades of breaches of agreements and threats against Russia, are the ones who have the responsibility to de-escalate this conflict and seek a favorable negotiation scenario"” -President Nicolas Maduro
 
severestorm said:
I'm still not seeing the record production increase Biden is talking about and not seeing any announcement from oil companies or new permits issued. We need production to be above the peak with inflation currently.
Click to expand...

A new record US oil production of 12.6 mbpd is projected in 2023 per the latest EIA report. The current record is 2019's level with the record month of 13.0 set 11/2019. It dropped sharply from 2019 to 2020 due to Covid. 5/2020 was only 9.7. Since then it has come back partially and was back up to 11.8 in November of 2021 (highest monthly since 4/2020) and 11.6 in Dec. it is projected to rise back to 12.0 for 2022 and 12.6 in 2023. And that is without taking into account the latest oil price rises.

U.S. Field Production of Crude Oil (Thousand Barrels per Day)

www.eia.gov
 
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I panic sold my Q’s calls when it kissed $330. That was dumb. We probably headed to $340 by Friday. ?‍♂️
 
All the violent bounces have been rejected at the 20dema…4 times since start of year. Expecting the same here. So Q’s headed to $340.


6BC2DD42-FB22-44B5-8957-043794A7B7B7.png
 
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